The World Bank has on Wednesday confirmed Ajay Banga as its next president, taking charge at a pivotal time for the development lender as it looks to better address climate change.
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“The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process,” the bank wrote in a statement published shortly after the board voted to approve his leadership for a five-year term.
He will take over the role from David Malpass on June 2,2023.
It would be recalled that Ajay Banga is the only nominee for the top job.
