The Board of Executive Directors of World Bank Group has announced that Ajay Banga is the only nominee for the position of the next President of the World Bank.Information Guide Nigeria
BUSINESS HALLMARK reports that the announcement was contained in a statement issued by the World Bank in Abuja on Friday.
The board said: “The World Bank Group’s Board of Executive Directors today confirmed that, as announced on Feb. 22, the period for submitting nominations for the position of the next President of the World Bank Group closed on Wednesday at 6:00 pm ET.”
“The board received one nomination and would like to announce that Ajay Banga, a U.S. national, will be considered for the position.JAMB Result
“In accordance with established procedures, the Board of Executive Directors will conduct a formal interview with the candidate in Washington D.C., and expect to conclude the Presidential selection in due course,”
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The News Agency of Nigeria (NAN) reports that in February, US President Joe Biden nominated Banga to lead the World Bank saying that he is “well equipped” to lead the global institution at “this critical moment in history.”
According to BUSINESS HALLMARK, no other country proposed an alternate candidate for the position.
The nominee, Ajay Banga was born in India and is a naturalized U.S. citizen.JAMB Portal
The 63-year-old former Mastercard Inc. chief currently serves as Vice Chairman at General Atlantic.
NAN reports that Banga is expected to replace the current World Bank president David Malpass, who will step down in June, nearly a year before his term is scheduled to expire.NYSC Portal
Banga would become the first-ever Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank.
(NAN)
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