04
May
Ajay Banga, who on Wednesday became the next President of the World Bank, becoming the first Indian-American to head a global financial institution, said he looks forward to working with him when developing countries are facing tracking the most difficult development challenges. "The Executive Directors of the World Bank today elected Ajay Banga as the President of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the United States would nominate 63-year-old Banga to lead the World Bank because he is "well-equipped" to lead…