Africa Matters

Ajay Banga selected 14th President of the World Bank

The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. 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.  Under his leadership, MasterCard launched the Center for…

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Who is Ajay Banga, the next president of the World Bank?

Summary Banga, the first World Bank president from South Asia, takes over on June 2 from outgoing president David Malpass, who is stepping down early from a presidency clouded by questions over his climate stance. Washington. Ajay Banga, confirmed Wednesday as the World Bank’s next president, is an Indian-born American executive who has been hailed by media in his…

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