KABUL (Pajhwok): The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2, the bank said.
The WB in a statement said Indian-American Ajay Banga most recently served as Vice Chairman at General Atlantic.
Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.
Banga, 63, was nominated for the post by United States President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US . . .
