WASHINGTON : U.S. President Joe Biden's pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he launched a 'charm offensive' to win the post, sources familiar with the plans said.Biden last week nominated the 63-year old Indian-born business e
WASHINGTON : U.S. President Joe Biden's pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he launched a"charm offensive" to win the post, sources familiar with the plans said.
Barring any last-minute challenges, Biden's nomination of Banga, 63, now a U.S. citizen, all but assures he will assume a job that oversees billions of dollars of funding to help developing countries. As the World Bank's largest shareholder with 16.35 per cent of its voting power, the United States wields strong influence over the bank's policies, and the lender's president works closely with the Treasury Department.
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