World Bank president News

Ajay Singh Banga will become New chief of World Bank. US' President Joe Biden has made this announcement. Know the full news in detail in this report.

Master Card's Former CEO Ajay Banga may become the President of World Bank. US' President Joe Biden has nominated him for the post. Watch 25 big news of the day in just 5 minutes.

Ajay Banga, 63, currently serves as Vice Chairman at General Atlantic and previously, he was President and CEO of Mastercard.

US President Donald Trump’s daughter Ivanka Trump is playing a key role in the selection of the candidate for the post.

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday.  

World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.

World Bank President Jim Yong Kim on Thursday promised "proactive" and "full support" to India's efforts for environmentally sustainable development as Prime Minister Narendra Modi pitched for adequate climate change financing.

The poverty-fighting institution has been riled by news that, despite Kim`s efforts to cut spending, certain senior officials have received generous bonuses.

Speaking at the end of a three-day visit to India, World Bank president Jim Yong Kim told reporters he was hugely impressed with Modi`s "comprehensive and extremely ambitious vision for the country".

India today stressed on capital increase and reforms in the World Bank to reflect the new world order and enhance the capacity of the global institution to fund poverty alleviation programmes.

World Bank Group President Jim Yong Kim will on Tuesday meet Finance Minister Arun Jaitley and thereafter Prime Minister Narendra Modi on Wednesday to review key development priorities.