financetom
Business
financetom
/
Business
/
US pick for World Bank Ajay Banga to meet with PM Modi in Delhi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US pick for World Bank Ajay Banga to meet with PM Modi in Delhi
Mar 22, 2023 11:36 PM

The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, returns to his native India on Thursday, capping a three-week global tour to drum up support and discuss development and climate needs with donor and borrowing countries.

Share Market Live

NSE

The Treasury said Banga will visit New Delhi on March 23 and 24, where his likeness has already been posted on billboards. He will meet with Prime Minister Narendra Modi as well as the minister of finance, Nirmala Sitharaman, and the minister of external affairs, Subrahmanyam Jaishankar.

"These discussions will focus on India’s development priorities, the World Bank, and global economic development challenges," the Treasury said in a statement.

India’s government endorsed the candidacy of Banga, a longtime finance and development executive who is now a US citizen, soon after his nomination was announced in late February.

Also Read | World Bank must evolve to tackle challenges its founders could not even fathom: Ajay Banga

He has won the support of enough other governments to virtually assure his confirmation as the next World Bank president, including Britain, France, Germany, Italy, Japan, Bangladesh, Colombia, Egypt, Ivory Coast, Kenya, Saudi Arabia and South Korea.

The World Bank will accept nominations from other countries until March 29, but no competitors have been announced. The World Bank has been led by an American since its founding at the end of World War Two, while the International Monetary Fund has been led by a European.

US President Joe Biden last month nominated Banga, 63, to replace David Malpass, who announced his resignation after months of controversy over his initial failure to say he backed the scientific consensus on climate change.

Also Read: The new World Bank chief's Hyderabad connect with Microsoft and Adobe CEOs

In India, Banga will also visit a vocational skills development institute funded in part by the World Bank, the Treasury said.

Over the past month, Banga has met with government officials, civil society groups, business leaders and other stakeholders on a "global listening tour" that started in Africa before progressing to Europe, Latin America and Asia.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ABM Industries Collaborating With Rezcomm to Scale up Parking Services
ABM Industries Collaborating With Rezcomm to Scale up Parking Services
Jun 11, 2024
09:03 AM EDT, 06/11/2024 (MT Newswires) -- ABM Industries ( ABM ) said Tuesday it has entered into a partnership with Rezcomm to provide parking services to clients in commercial real estate, aviation, and other sectors through its ABM Vantage platform. Financial terms of the collaboration were not disclosed. ABM Vantage is a data-driven parking operations management tool. The partnership...
Myriad Genetics, GSK Partner to Expand Access to HRD Diagnostic Testing
Myriad Genetics, GSK Partner to Expand Access to HRD Diagnostic Testing
Jun 11, 2024
09:04 AM EDT, 06/11/2024 (MT Newswires) -- Myriad Genetics ( MYGN ) said Tuesday it has partnered with GSK (GSK) to support access to homologous recombination deficiency diagnostic testing for patients with high-grade serous ovarian cancer. A sponsored testing plan utilizing Myriad's MyChoice HRD Plus and MyChoice CDx Plus Tests is now available in Argentina, Brazil, Chile, Colombia, Egypt, Netherlands,...
Update: Market Chatter: Eve Expects to Raise Enough Funds to Finance Operations Through Certification in 2026
Update: Market Chatter: Eve Expects to Raise Enough Funds to Finance Operations Through Certification in 2026
Jun 11, 2024
09:04 AM EDT, 06/11/2024 (MT Newswires) -- (Updates with response from company in last paragraph.) Eve Holding ( EVEX ) expects to raise enough funds as early as next month to finance operations through the certification of its flying taxis in 2026, Reuters reported Monday, citing Chief Executive Johann Bordais. The electric aircraft maker, majority-owned by Embraer ( ERJ )...
Bank of New York Mellon Rebrands as BNY With New Teal Logo
Bank of New York Mellon Rebrands as BNY With New Teal Logo
Jun 11, 2024
08:32 AM EDT, 06/11/2024 (MT Newswires) -- Bank of New York Mellon ( BK ) said Tuesday it is updating its logo and simplifying its brand to BNY to reflect its evolution as a financial services company. The company said the new logo, implemented immediately, features a new font, a refined arrow, and a teal color. BNY Mellon Investment Management...
Copyright 2023-2025 - www.financetom.com All Rights Reserved