In a statement on Wednesday, the Bretton Woods institution said Banga’s five-year term as president is slated to begin on June 2, 2023.Banga was theIn the statement, the World Bank said its executive board looked forward to working with Banga on its evolution process, as discussed at the April 2023 Spring Meetings.
The 63-year old Banga most recently served as vice-chairman at General Atlantic — an American growth equity firm providing capital and strategic support for global growth companies.He previously served as Mastercard’s executive chairman after previously serving as the company’s president and chief executive officer from July 2010 to December 31, 2020.“Ajay Banga is a co-founder of The Cyber Readiness Institute and was Vice Chair of the Economic Club of New York,” the World Bank said.
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