Indian-Origin Ajay Banga Confirmed As Next World Bank President

The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process

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The World Bank confirmed Ajay Banga was selected as its next president on Wednesday

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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,

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the bank wrote in a statement published shortly after the board voted to approve his leadership for a five-year term

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He will take over the role from David Malpass on June 2.

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Thanks for Watching

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