The former Mastercard CEO will oversee the bank's pivot as it aims to become a dominant player in climate finance.
The former Mastercard CEO will oversee the bank’s pivot as it aims to become a dominant player in climate finance.
The position of World Bank president traditionally goes to an American citizen. Banga holds U.S. citizenship but was born and raised in India.become a dominant player in climate finance “Ajay understands that the challenges we face — from combating climate change, pandemics, and fragility to eliminating extreme poverty and promoting shared prosperity — are deeply intertwined,” Treasury Secretary Janet Yellen said in a statement.
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