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Ajay Banga, a former Executive of MasterCard, has been proposed by US President Joe Biden to lead the World Bank.

Ajay Banga, a former Executive of MasterCard, has been proposed by US President Joe Biden to lead the World Bank.

Former Mastercard CEO Ajay Banga has been nominated by US President Joe Biden to lead the World Bank, following the announcement of David Malpass's plans to step down from his position as the current chief. The World Bank has recently initiated a process to accept candidate nominations, with the deadline set for March 29. The bank has stated that it strongly encourages the nomination of women candidates.
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