WASHINGTON: President Joe Biden on Thursday announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” President Biden said in a statement. Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation.

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