Here is Joe Biden’s nominee for the presidency of the World Bank

Joe Biden hailed the new aspirant, Ajay Banga Experience in public-private partnerships for financial inclusion and managing climate change.

He has spent more than three decades building and managing successful global companies that create jobs and bring investment to developing economies.

– The US President praised his candidate, Ajay Banga, according to Reuters writing according to

Ajay Banga He retired in December 2021 after 12 years at the helm of Mastercard Inc, where he set a goal of bringing 1 billion people and 50 million micro and small businesses into the digital economy by 2025, as well as climate change, gender equality and sustainable development. Work in the field of agriculture.

The World Bank recently announced that a new president is expected to be elected by the beginning of May David Malpass To his place, who announced his resignation last week, and according to his statement, he is looking for new challenges after a long struggle.

According to the old tradition, the US government chooses the head of the World Bank, while European leaders decide on the head of the International Monetary Fund.

David Malpass assumed the presidency of the World Bank in April 2019 after serving as the US Treasury’s chief international affairs officer in the Trump administration.

According to the annual report of the World Bank In 2022, the World Bank has allocated more than $104 billion for its various projects around the world.

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