DelhiDesk Indian-origin Ajay Banga has been elected as the next President of the World Bank to replace David Malpass, becoming the first person of Indian origin and the first Sikh-American to head either of the world’s top financial institutions, the World Bank and the International Monetary Fund (IMF). His five-year term will start from June 2, 2023. Banga, the former head of Mastercard Inc, currently serves as the vice chairman of General Atlantic and was appointed unopposed. He was born and brought up in India and has been honored with the Padma Shri award in 2016 by the Government of India.
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👉 Ajay Banga of Indian origin elected as the next President of the World Bank, replacing David Malpass who will step down in February 2022.
👉 Banga is the first person of Indian origin and the first Sikh-American to head either of the world’s top financial institutions.
👉 Banga’s 5-year term will start from June 2, 2023 and he was appointed unopposed.
👉 Banga was born and brought up in India and was honored with the Padma Shri award in 2016.
👉 Banga has been the Honorary Chairman of the International Chamber of Commerce during 2020-22 and has worked with US Vice President Kamala Harris.
👉 Banga is also the chairman of Axar and an independent director of Temasek.
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