Indian-American Ajay Singh Banga nominated by US President to lead World Bank

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US President Joe Biden said on Thursday that Washington is nominating Indian-American Ajay Singh Banga, former Mastercard CEO, to lead World Bank. This comes after World Bank’s current chief David Malpass announced plans to step down early. World Bank has started accepting candidate nominations in a process set to run until March 29 and said women candidates would be “strongly” encouraged.

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