TIL Desk/Business/Washington/ Indian-American business leader Ajay Banga is poised to become the next President of the World Bank which on Thursday said he is the sole nominee for the post as no other candidates were nominated. The World Bank’s Board of Executive Directors will interview Banga before he is formally appointed.
In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is “well equipped” to lead the global institution at “this critical moment in history.
“The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga. Banga is the only application received for the position of president of the World Bank, the financial institution said.
“The Board received one nomination and would like to announce that Mr. Ajay Banga, a US national, will be considered for the position,” the bank said. “In accordance with established procedures, the Board of Executive Directors will conduct a formal interview with the candidate in Washington D.C., and expect to conclude the Presidential selection in due course,” said a media release issued by the bank.
