Image Source: AGENCIES

WATSUPPTODAY DESK
03-06-2023

Indian American Ajay Banga on Friday took over as the President of the World Bank, making him the first person of color to head either of the two global financial institutions, the World Bank and the International Monetary Fund. On May 3, the Executive Directors of the World Bank selected Banga, 63, as the 14th President of the World Bank for a five-year term. In February, President Joe Biden announced that the US would nominate Banga to lead the World Bank.