New Delhi: Indian-origin Ajaypal Singh Banga has been elected as the new president of the World Bank. He will assume his office on the next two Junes. His tenure will be five years The 25-member executive board of the World Bank elected Ajay Banga as its president. US President Joe Biden has nominated him for this post.
Ajay Banga is the first person of Indian origin to be selected for the post of President of the World Bank. This is a matter of pride for all Indians.
Ajaypal Singh Banga is an American business executive of Indian origin. He is currently Vice Chairman at General Atlantic.
He previously served as President and Chief Executive Officer of MasterCard from July 2010 to December 31, 2020, and later became Executive Chairman of MasterCard.
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