Indian-origin Ajay Banga Is Next World Bank’s President
The World Bank appointed ‘Ajay Banga’ as a new President. A 25-member execute board confirmed his name for the post on Wednesday after following a selection process agreed upon by shareholders in 2011. Banga, who is at 63 now, has worked for Mastercard as a CEO before this, and his term in the World Bank…
SHAHID MUSHTAQ
Ajay Banga Ex-Mastercard CEO Nominated By Joe Biden To Lead World Bank
On Thursday, Joe Biden, US President, announced that Ajay Banga, former CEO of Mastercard, will be leading the World Bank. After this news, Ajay will become the first Indian-American to serve the World Bank as the president. Currently, he is the vice chairman of the general equity firm Atlantic. He is the former CEO of…
Vishal Prajapati
World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…