Biden Nominates Indian-American Ajay Banga For World Bank President

President Joe Biden on Thursday announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank.
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"Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement.?
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Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological, and cultural transformation.
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"He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organisations through periods of fundamental change.
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"He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results," Biden said.
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Banga was awarded the Padma Shri in 2016.