Joe Biden handed over the responsibility of World Bank to Ajay Banga! Who is Ajay Banga? | Jagran Business- Watch Video

The World Bank has appointed Ajay Banga as its next president. US President Joseph Biden has proposed Indian American businessman Ajay Banga. Ajay Banga is the ideal candidate to run the World Bank at this crucial time, according to a statement made by Vice President Biden. Banga, 63, is the vice chairman of General Atlantic at the moment. He was once the CEO and President of Mastercard.

Ajay Banga is Padma Shri Awardee 

Biden said Ajay Banga has spent more than three decades building and managing successful, global companies. He has encouraged jobs and investment in the developing economy of these companies. Banga was awarded the Padma Shri in 2016. Biden said that Banga has a good track record of partnering with global leaders around the world to manage people and systems and deliver results.

Who is Ajay Banga

The nomination of Banga is disappointing news for Pakistan, which is experiencing a financial crisis. Indian-born Ajay Singh Banga has taken over as president of the World Bank under Biden's leadership. Let us inform you that Indermeet Gill, an Indian national, currently holds the position of Chief Economist at the World Bank. It is anticipated that the World Bank Board of Directors would soon ratify Banga's appointment.