Activists blast Biden's pick of Wall St insider Banga for World Bank prez

The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International

Banga, Ajay Banga
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Photo: Bloomberg

Jennifer A. Dlouhy and Eric Martin | Bloomberg
Progressive groups that have long advocated for a change in the leadership of the World Bank decried the Biden administration’s nomination of a former Wall Street and corporate executive as more of the same at the anti-poverty lender.
 
Washington’s selection of former Mastercard Inc. Chief Executive Officer Ajay Banga to be the World Bank’s president was being condemned as a forfeited opportunity to tap a candidate with deep public-sector experience combating economic inequality and climate change. 

The World Bank needs a leader “who will prioritize the urgency of the climate crisis, not another big business executive,” said Collin Rees, US

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First Published: Feb 24 2023 | 10:27 AM IST

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