Indian American businessman Ajay Banga is the new president of the World Bank

Indian American businessman Ajay Banga is the new president of the World Bank

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The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises. Banga, 63, was nominated for the post by US…

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