The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term. Traditionally, the World Bank Group president has always been an American citizen nominated by the United States, the Bank's largest shareholder, and the IMF's managing director has been a European citizen. While most World Bank Group presidents have had economic experience, some have not.
The fourteenth and current World Bank Group president is Ajay Banga, who was selected on May 3 and began his term on June 2, 2023.
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The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
Ajay Banga began his five-year tenure as the 14th President of the World Bank Group on June 2, 2023. Ajay most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.
Ajay Banga is the 14th President of the World Bank Group and leads the institution’s efforts to end extreme poverty and boost shared prosperity on a livable planet. Learn more about Ajay’s work. Read Biography
On February 23, 2023, Banga was nominated by President Biden to lead the World Bank. On May 3, 2023, the World Bank confirmed Banga as its fourteenth president, [12] and started his term on June 2, 2023. [3]
The president of the World Bank Group is the head of World Bank Group. [1][2] Preston had been on medical leave from his position since February 1995 and had intended to formally retire from the Bank at the end of May of the same year. [3] . Ernest Stern was appointed interim World Bank Group president in his absence. [4] U.S.
WASHINGTON, May 3, 2023 – The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic.
Ajay Banga is the President of the World Bank Group since June 2023. He was formerly Mastercard CEO and has led global efforts in financial inclusion.
Ajay Banga began his five-year term as World Bank Group President on June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.
May 3, 2023 · Ajay Banga, President Biden’s pick to be president of the World Bank and broaden its ambitions to combat climate change, was approved by its executive board on Wednesday.
May 5, 2023 · The Executive Directors of the World Bank selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman...
