The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job.
The World Bank said Thursday that Banga was the only candidate nominated in a search that began more than a month ago.
Banga, currently vice chairman at private equity firm General Atlantic, has more than 30 years of business experience, having served in various roles at Mastercard and the boards of the American Red Cross, Kraft Foods, and Dow Inc.
https://twitter.com/WorldBank/status/1653834305775214600
The current president of the 189-nation poverty-fighting organization, David Malpass, announced last month that he would step down in June, nearly a year before his five-year term was due to expire in April 2024.
Ajay Banga, nominated by President Joe Biden for the post, is the first-ever Indian American to head the bank.
He will replace David Malpass, who had sparked outcry by appearing to question the role...