An Indian-American businessman was elected as the 14th president of the World Bank.
According to the announcement of the World Bank, Indian-American businessman Ajay Pal Singh Banga was nominated by US President Biden.
According to the news agency from Washington, the 25-member executive board of the World Bank approved the new president.
Ajaypal Singh Banga will take over as the President of the World Bank on June 2 for a term of 5 years.
According to the news agency, 63-year-old Ajay Pal Banga was the only candidate for the presidency of the World Bank. The current president of the World Bank, David Malpass, is stepping down from his position soon.
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