Eric LeCompte is quoted by the Associated Press regarding the US nomination of Ajay Banga to be the World Bank President. Read an excerpt below and click here for the full story.
US nominates Ajay Banga for World Bank president
By Fatima Hussein
WASHINGTON (AP) — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change.
The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading the 189-nation poverty reduction agency. His five-year term was due to expire in April 2024.
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