World Bank announces Ajay Banga as sole nominee for its president
Business News News

World Bank announces Ajay Banga as sole nominee for its president

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,”

Other Top Stories: 

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)

Check: JAMB RESULT

Check and Confirm: How much is Dollar to Naira

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Posts

Nigeria: Govt Says UAE Yet to Lift Visa Ban

Nigeria: Govt Says UAE Yet to Lift Visa Ban

The Federal Government has revealed that the United Arab Emirates, UAE, is yet to lift the visa ban imposed on Nigeria.InformationGuideNigeria Tis is following reports emerged that the…

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Call To Bar: Ex-Minister Amaechi Joins First Class, 888 Candidates Fail Exam

Chief Rotimi Amaechi, Former Governor of Rivers State and former Minister of Transportation, was recently admitted to the bar in the class of 2024 after completing his law…

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

Nigerian Economy Not In Distress, Only Facing Challenging Times – Tinubu

The President of Nigeria,  President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. As reported by THE WILL, President…

Nigerian Army troops kill notorious terrorist leader Maikusal

Troops of Nigerian Army have killed a notorious terrorist leader, Maikusa, who is identified to be the second-in-command in the hierarchy of the terrorists’ cell in Katsina State,…

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

“It’s work, work, work there”- Lady and family reportedly leave UK, relocates to Nigeria

Rebecca Olawale, a Nigerian lady who had stayed in the United Kingdom with her family, has created a film to illustrate that they have returned to Nigeria. GISTLOVER…

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

“This is so hard to watch”- Reactions trails video of Herbert Wigwe’s daughter paying tribute to her brother Chizi

Herbert Wigwe, the former Group CEO of Access Holdings, his wife Chizoba, and their first son, Chizi, were recently killed in a helicopter crash. The incident came as…

Leave a Reply

Your email address will not be published. Required fields are marked *