Indian-Origin Ajay Banga Set To Become World Bank Chief Unopposed
NDTV
The former Mastercard Inc. chief executive was tapped by President Joe Biden last month after current president David Malpass announced plans to step down almost a year early.
Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender's next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.
The former Mastercard Inc. chief executive was tapped by President Joe Biden last month after current president David Malpass announced plans to step down almost a year early.
Mr Malpass, nominated by former President Donald Trump in 2019, won the top spot unopposed. The institution's top job has always gone to a US candidate.
While no countries besides the US have announced candidates, World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
