Is Ajay Banga 14th President of world bank ? #youtube #worldbank #ajaybanga #finance #news #Indian

On Wednesday the World Bank announced that it will be electing a new President by early May.

This comes after David, the previous World Bank President was asked to bring out bolder reforms and a controversy in which he initially refused to accept the scientific consensus on climate change; ultimately resigning.

And did you know whom did Joe Biden nominate amongst all this?

The ex-Mastercard CEO Ajaya Banga who is also an Indian-origin US citizen.

Do you know about some achievements of Ajaya Banga?

Currently, he is an integral part of General Atlantic which is a private equity firm that has invested more than $800 million in EV charging solutions, solar power and sustainable farming.

Before, he worked for 12 years at the top of Mastercard where he helped more than 500 million unbanked people join the digital economy, and also led projects on climate, gender and agriculture and helped in avoiding massive layoffs too in the pandemic.

Reportedly, Biden nominated Ajaya because he has decades of experience in building global companies in response to climate change and he has a proven track record of working with world leaders.

Some colleagues of Banga also commented on this and said that his work in India and knowledge of technology could help bridge the gap between the rich and emerging markets too and that he can be the one to bring a great change.

But at the same time, many global leaders and personalities argued to bring in diversity this time.

Germany said that the new post should go to a woman as a female has never been given the opportunity to head the World Bank whereas someone commented that Biden should take back his nomination as a person who has worked in private equity firms and only the private sector should not be given such a post.

Even though Washington said that Ajaya has an excellent track record of promoting diversity, equity and inclusion in the work that he does; many members seem repulsed by this nomination.

What do you think about another Indian origin person taking up another seat on the global level.

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On Wednesday the World Bank announced that it will be electing a new President by early May.

This comes after David, the previous World Bank President was asked to bring out bolder reforms and a controversy in which he initially refused to accept the scientific consensus on climate change; ultimately resigning.

And did you know whom did Joe Biden nominate amongst all this?

The ex-Mastercard CEO Ajaya Banga who is also an Indian-origin US citizen.

Do you know about some achievements of Ajaya Banga?

Currently, he is an integral part of General Atlantic which is a private equity firm that has invested more than $800 million in EV charging solutions, solar power and sustainable farming.

Before, he worked for 12 years at the top of Mastercard where he helped more than 500 million unbanked people join the digital economy, and also led projects on climate, gender and agriculture and helped in avoiding massive layoffs too in the pandemic.

Reportedly, Biden nominated Ajaya because he has decades of experience in building global companies in response to climate change and he has a proven track record of working with world leaders.

Some colleagues of Banga also commented on this and said that his work in India and knowledge of technology could help bridge the gap between the rich and emerging markets too and that he can be the one to bring a great change.

But at the same time, many global leaders and personalities argued to bring in diversity this time.

Germany said that the new post should go to a woman as a female has never been given the opportunity to head the World Bank whereas someone commented that Biden should take back his nomination as a person who has worked in private equity firms and only the private sector should not be given such a post.

Even though Washington said that Ajaya has an excellent track record of promoting diversity, equity and inclusion in the work that he does; many members seem repulsed by this nomination.

What do you think about another Indian origin person taking up another seat on the global level.