The World Bank has disclosed that Ajay Banga would be its next president.
The Apex Bank made this known in a statement on Wednesday saying it looks forward to working with Mr. Banga on the World Bank Group Evolution process.
Ajay is coming to power at such a pivotal time when the bank look to reshape its role to better address climate change.
The Bank Executives voted to approve his leadership for a five-year term.
According to the development lender, be it also looked forward to working with Banga on its “ambitions and efforts aimed at tackling the toughest development challenges facing developing Countries.”
Kukuruku News gathered that Banga, the US candidate emerged as the sole nominee for the top job.
He is expected to resume his new role on June 2, taking over from David Malpass who is stepping down early amid criticism over his stance on climate issues.
Earlier, President Joe Biden said in a statement that Banga “will help steer the institution as it evolves and expands to address global challenges that directly affect its core mission of poverty reduction — including climate change.”
