Joe Biden proposes new president of the World Bank
16:32
President Joe Biden has chosen a new president of the World Bank after the previous president appointed by Donald Trump announced his resignation.
Joe Biden has nominated former Mastercard CEO Ajay Banga, an American born in India, as the new president of the World Bank. The official decision in this matter is expected to be made by the World Bank in May, but it seems unlikely that this candidacy will be rejected. It has become customary for the United States, which is the largest shareholder of the organization, to choose the candidate for this position without obstacles.
"Ajay is an exceptionally well-qualified leader to head the World Bank at this critical moment in history. He spent more than three decades building and managing global firms that created jobs and invested in developing economies, and led organizations through difficult periods of fundamental change," the president said.
"He has a proven track record of managing people and systems, and partnering with global leaders around the world to achieve results," Biden added.
