City
Epaper

Finance ministry congratulates Ajay Banga on being nominated to lead World Bank

By ANI | Updated: March 2, 2023 21:50 IST

Congratulating Ajay Banga, former chief executive officer of MasterCard, on being nominated to lead World Bank, the Union Finance ...

Open in App

Congratulating Ajay Banga, former chief executive officer of MasterCard, on being nominated to lead World Bank, the Union Finance Ministry on Thursday said India "looks forward to his leadership" of the international organisation.

The official Twitter handle of the ministry -- @FinMinIndia -- said on Thursday, "Congratulations to Mr Ajay Banga on being nominated to lead @WorldBank. India supports Mr Banga's nomination and looks forward to his leadership of the @WorldBank."

"Mr Banga brings with him unique and wide-ranging expertise in #financial and #technological sectors, rich experience in guiding large organisations that have invested and created jobs in #DevelopingEconomies, and in mobilising resources on a large scale," the ministry said.

The ministry further said that Banga's rich experience will stand him in good stead at a time "when the @WorldBank is considering next-generation #reforms to deliver on its ambitious agenda to reduce poverty, expand prosperity and deal with the pressing global challenges of our times."

Banga has been nominated to be the next president of the World Bank, following the early resignation of outgoing chief David Malpass.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: World BankDavid MalpassMastercardThe world bank groupMastercard incImf-world bank
Open in App

Related Stories

MaharashtraMaharashtra Gets Rs 1,595 Crore Loan From World Bank Ahead of CM Swearing-In Ceremony

NationalIndia Serves Notice to Pakistan Seeking Review of Indus Water Treaty: Sources

NationalWorld Bank Pledges Rs. 3000 Crores to Fund Water Management and Flood Mitigation in ‘Bengaluru’

NationalWorld Bank Projects Indian Economy To Grow at 7.5% in 2024

NationalWorld Bank Approves $452 mn for Assam to Improve Connectivity in Rural Areas

Business Realted Stories

BusinessJapan sets up special cell to boost FDI flows into India

BusinessAlstone Strengthens Its National Presence with Punjab Kings as Official Cladding Partner for India's Premier T20 Cricket League 2026

BusinessPM Modi Inaugurates Kaynes Semicon OSAT Facility at Sanand, Gujarat

BusinessSpartan Professional Products Pvt. Ltd. Strategic Forward Integration & Expansion Plan

BusinessTop Features To Look For In The Best Online Medicine Delivery Website