U.s. federal reserve, Bank

Washington [US], April 22 : US Department of State Principal Deputy Spokesperson Vedant Patel on Friday said US nominee for World Bank presidency, Indian-American Ajay Banga is uniquely equipped to lead the World Bank at such a critical moment.During a press briefing, Patel said, Ajay Banga "is uniquely equipped to lead the World Bank at such a critical moment, and he's an exceptional candidate."Banga's "leadership skills and management experience, his experience in the financial sector, will help achieve the World's Bank objectives by eliminating extreme poverty, expanding prosperity, while also doing so in a very evolving and dynamic global playing field, where we're dealing with a lot of new and pressing issues and challenges, like climate change and global health challenges and other things as well," Patel addedThe World Bank recently said that Indian-American Ajay Banga is the only candidate nominated for the President's position as the nomination period closed on March 29.The World Bank announced that Ajay Banga will be considered for the position.In a press release issued on its website, the World Bank said, "The World Bank Group's Board of Executive Directors confirmed that, as announced on February 22, the period for submitting nominations for the position of the next President of the World Bank Group closed on Wednesday, March 29 at 6:00 pm ET."The World Bank 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 World Bank said that a formal interview will be conducted with the candidate in Washington DC.It 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."In February, US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank.In a statement, Biden had noted that Ajay Banga is "uniquely" equipped to lead the World Bank at a critical moment in history.Biden's statement read, "Ajay is uniquely equipped to lead the World Bank at this critical moment in history. He has spent more than three decades building and managing successful, global compes that create jobs and bring investment to developing economies and guiding orgzations through periods of fundamental change. He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results."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

U.s. Federal ReserveFOLLOW

U.s. federal reserve, Latest News

Pune (Maharashtra) [India], May 2 : Directorate of Enforcement (ED) attached 12 immovable properties, located at Nagpur, Pune, Ratnagiri ... ...

New York, May 2 US stocks fell steeply on Tuesday as investors grew fearful that the turmoil in ... ...

Washington, April 29 The US Federal Reserve said that it failed to act with "sufficient force and urgency" ... ...

Mumbai (Maharashtra) [India], April 28 : Enforcement Directorate (ED) attached movable and immovable properties of a Mumbai-based diamond trader ... ...

Mumbai (Maharashtra) [India], April 28 (/BusinessWire India): AU Small Finance Bank offers many superior features and benefits provided with ... ...

Srinagar (Jammu and Kashmir) [India], April 25 : The Jammu and Kashmir Bank on Tuesday received an award from ... ...

Kolkata, April 24 Bank transactions of Probir Kayal, the former personal assistant of the Trinamool Congress MLA Tapas ... ...

Washington [US], April 22 : US Department of State Principal Deputy Spokesperson Vedant Patel on Friday said US nominee ... ...