Russia blocks Biden bid, will Indian-American Ajay Banga lead World Bank? All you need to know

Last month, U.S. Nominated former Mastercard CEO Ajay Banga to lead the world bank. Now, Russia is seeking an alternative to the U.S.-backed candidate. As per Russian state media, Moscow's officials at the world bank are in talks with colleagues from friendly countries in this regard. Roman Marshavin, executive director at the board of the world bank group representing Russia, says there are already over 15 names on the list. The president of the world bank is typically American, while the head of the IMF is customarily European. The development lender is accepting candidate nominations; and the process is set to run until 29th. A challenger would have little chance of succeeding, given that the U.S. & Europe can swing the votes in favour of a U.S. Nominee. However, a contest has symbolic significance. Many countries consider the election to be loaded in Washington's favour because of the non-transparent nature of the election process. The U.S. Is the world bank's largest shareholder.

#ajaybanga #latestnews #worldbank

About Channel:

WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.

Connect with us on our social media handles:

Follow us on Google News for latest updates

[anku]

Even if Chinna & Russia come together, they can't block Ajay Banga. World Bank has always been controlled by USA and its chief is always selected by US presidents.

[shahidanusrat]

As a Pakistani I fully support love and respect Ajay banga sahab

[divyasundaran]

I have seen this news reader in Life Tak YouTube channel... good to see his achievements..

[Chris-lfdl]

Anyone that Brandon supports I would be NOT be in favor of as he has a very poor judgement

[briceyoung]

What does world bank lead commerce? Social value. what can it do world banks. . .

[smallderick]

I thought they heading for brick why they complaining? Let brick campaign continue.

[canman]

Doesn't matter which country of origin you are from in America. The whole world will be after you for $$$ !

[torablack]

Personally I think the Swedish should run the world bank.