An Indian Appointed as President of World Bank

Ajay Banga, a native of Pune, Maharashtra, has been appointed as the President of the World Bank by US President Joe Biden. The 63-year-old Banga, who is currently the Vice Chairman of equity firm General Atlantic and previously served as the CEO of MasterCard, will now take over the top role at the international financial institution.

In a statement, President Biden emphasized the importance of Banga’s leadership in navigating the World Bank through these challenging times. This historic appointment is a significant milestone for India and the global financial community alike.