Page 3 - Ajay Banga

IMF MD Georgieva praises Ajay Banga's commitment to opportunities for all

IMF Managing Director Kristalina Georgieva on Thursday applauded Indian-American Ajay Banga, who is slated to be the president of the World Bank, for his commitment to inclusion and opportunities for all. In February, Banga was nominated by US President Joe Biden after World Bank President David Malpass announced his decision to leave. The World Bank Board of Directors are likely to announce 63-year-old Banga as the next head of the institution soon. I have known Ajay for quite some time. I think very highly of his leadership skills, but above all of the commitment to inclusion and opportunities he has demonstrated throughout his life, International Monetary Fund Managing Director Georgieva told reporters at a news conference held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. Banga is the only candidate nominated for the World Bank presidency, which has traditionally gone to the United States. We have been talking together on many .

US nominee Ajay Banga poised to become World Bank chief unopposed

Indian-American business leader Ajay Banga is poised to become the next President of the World Bank which on Thursday said he is the sole nominee for the post as no other candidates were nominated. The World Bank's Board of Executive Directors will interview Banga before he is formally appointed. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga. Banga is the only application received for the position of president of the World Bank, the financial institution said. The Board received one nomination and would like to announce that Mr Ajay Banga, a US national, will be considered for the position, the bank said. In accordance with established procedures, the Board of Executive Directors w

Indian-American Ajay Banga poised to become World Bank chief unopposed

Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga. The former Mastercard Inc. chief, Banga currently serves as Vice Chairman at General Atlantic. The bank's board is expected to announce the next steps in its selection process on Thursday, with a view to confirming a new leader by early May. Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga President Biden's nominee will be elected President of the World Bank, US Treas

Biden's World Bank pick, Banga poised to win job as sole expected nominee

The former Mastercard Inc. chief executive was tapped by President Joe Biden last month after current president David Malpass announced plans to step down almost a year early

Ajay Banga tests Covid positive; meetings with PM Modi, others cancelled

US nominee for World Bank president Ajay Banga has tested COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic. In adherence with local guidelines, he is quarantining in isolation," the statement said. Besides meeting with the Union finance minister, Banga was scheduled to meet Prime Minister Narendra Modi, Minister of External Affairs S Jaishankar and top officials during his two-day visit from March 23 to 24. Banga's New Delhi visit is the final stop on his three-week global tour that began in Africa before progressing to Europe, Latin America, and Asia to drum up support for his candidature for the World Bank's top position. In a statement on Wednesday, the US Treasury Department had said, "While in India, Banga will m

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Ajay Banga tests positive for Covid-19 during routine testing in Delhi

World Bank presidential nominee Ajay Banga has tested positive for COVID-19 during routine testing in New Delhi where he was travelling on the last leg of his world tour, and is currently quarantining in isolation, the Department of Treasury said Thursday. India is witnessing a spike in influenza and coronavirus cases in the past two weeks. The country has recorded 1,134 new coronavirus cases, while the active cases increased to 7,026, according to Union Health Ministry data updated on Wednesday. Banga's New Delhi visit (March 23 and March 24) is the final stop on his three-week global tour that began in Africa before progressing to Europe, Latin America and Asia. During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic. In adherence with local guidelines, he is quarantining in isolation, the Department of Treasury said Thursday afternoon. While in India, 63-year-old Banga was scheduled to meet Prime Minister Narendra Modi as well as the Minister of

US pick for World Bank, Ajay Banga to meet PM Modi, Sitharaman in India

These discussions will focus on India's development priorities, the World Bank, and global economic development challenges, the Treasury said in a statement

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Opportunity for reforms at World Bank

Ajay Banga, its proposed new chief, must steer the bank into becoming a global institution for climate change and sustainability instead of just another multipurpose development bank

Russia plans to challenge US nominee Ajay Banga to World Bank

Russia remains a voting member of the World Bank, although the bank halted all programs in Russia and Belarus last March

World Bank chief nominee Ajay Banga to visit Cote D'Ivoire, Kenya next week

During his trip, Ajay will draw from his experience living and working in emerging markets and his expertise in forging public-private partnerships to mobilize investments , action to tackle challenge

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World Bank nominee Ajay Banga is a 'big believer' in climate science

Banga added that he's preparing to embark on a three-week trip to both creditor and borrower nations to shore up support for his nomination

US nominee to head World Bank, Ajay Banga, to visit China, other countries

Banga said he believes the scientific evidence on climate change, and underscored the need for the bank to continue to work on poverty reduction and inequality

India lends support to Ajay Banga's nomination for World Bank President

India on Thursday extended support to the candidature of Ajay Banga as World Bank President, saying his nomination comes at a time when the multilateral lending agency is considering next-generation reforms. "Congratulations to Mr Ajay Banga on being nominated to lead @WorldBank. India supports Mr Banga's nomination and looks forward to his leadership of the @WorldBank," the finance ministry said in a series of tweets. Last month, the US President Joe Biden announced that the US is nominating Ajay Banga to lead the World Bank, saying the Indian-American business leader is uniquely equipped to lead the global institution at "this critical moment in history." If confirmed by the World Bank Board of Directors, Banga would be the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions: International Monetary Fund and the World Bank. "Mr Banga brings with him unique and wide-ranging expertise in #financial and #technological sector

US pick to head World Bank, Ajay Banga, starts 'charm offensive': Report

Directors appreciated Banga's management and leadership experience, and his willingness to engage openly, the source added

TMS Ep377: Ajay Banga, Indian global CEOs, FIIs, social stock exchange

What are Ajay Banga's challenges at the World Bank? What makes Indians so successful as global CEOs? Where is India placed on FIIs' radar? What is a social stock exchange? All answers here

US nominee for World Bank president gets positive reviews at G20 meeting

The finance ministers of France and Germany gave positive reviews to Banga, nominated on Thursday by US President Joe Biden as a surprise choice to lead the World Bank's transformation

US nominee for World Bank wins positive reviews at G20 finance meeting

The US nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members, a sign that he will likely have a smooth ride to confirmation by bank's executive board