US puts forward Ajay Banga to lead World Bank

BBC reported that United States President Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank.

The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change.

Ajay Banga led credit card giant Mastercard for more than a decade and now works in private equity. US officials said he had the experience to help the bank work with the private sector towards its goals.

It is up to the bank’s board to officially appoint its next head.