Ajay Banga, the United States’ candidate for the presidency of the World Bank Group, arrived in Abidjan, Cote d’Ivoire, on Monday, March 6, as the first leg of his African tour, where he met with the head of the African Development Committee. Bank, Akinwumi Adesina and sought the support of the Ivorian government to be elected president of the International Finance Corporation.
Banga traveled to Kenya’s capital, Nairobi, on Wednesday for the second leg of his world tour. Kenya has approved the nomination of Ajay Banga as the next president of the World Bank Group, the Kenya News Agency reported.
Kenyan President William Ruto says Banga has the qualities to take Bretton Woods to the next level. This emerged from his meeting with the former managing director of MasterCard on Wednesday at the State House (Presidential Palace) in Nairobi.
“Mr Banga has a proven track record, especially in development; he will demonstrate the issues we face such as agriculture and climate change,” the Kenyan head of state said.
Ruto also stressed that Banga’s rich experience will help him respond in time to emerging economic challenges and lead the world to prosperity.
It is to be recalled that 63-year-old Indian-American Ajay Banga has been nominated by US President Joe Biden for the post of President of the World Bank. It has already received support from many countries including India and Ghana.
The process to appoint a new president of the World Bank began on February 23, a week after its current president, David Malpass, announced on June 30 that he would step down as head of the institution.
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