WORLD NEWS | IMF Managing Director Georgieva hails Ajay Banga’s commitment to inclusion, opportunity for all

WASHINGTON, April 13 (PTI) IMF Managing Director Kristalina Georgieva on Thursday hailed Indian-American Ajay Banga, who will serve as World Bank president, for his commitment to inclusion and opportunity for all .

Banga was nominated by US President Joe Biden in February after World Bank President David Malpass announced his decision to leave.

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The World Bank’s board may soon announce Banga, 63, as the institution’s next president.

“I have known Atger for some time. I speak highly of his leadership, but above all his commitment to inclusion and opportunity that he has demonstrated throughout his life,” Georgieva, managing director of the International Monetary Fund, said in a statement. told reporters at a news conference on the sidelines of the International Monetary Fund’s annual meetings. IMF and World Bank.

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Banga is the only candidate to be nominated for the World Bank presidency, a post traditionally held by the United States.

“We’ve talked together on a number of occasions, talking about inclusion and gender, and I’ve always heard substantive voices, someone who’s not only obviously very bright, but also has a beating heart. That’s what World Bank leadership is all about is vision And compassion,” Georgieva said in response to a question.

U.S. Treasury Secretary Janet Yellen told World Bank members she looked forward to Ajay Banga’s leadership as the next World Bank president. “I believe he has the right experience and record of bringing government, the private sector and nonprofits together to realize our ambitions,” she said.

Former Mastercard Inc. CEO Banga serves as General Atlantic’s vice chairman.

If confirmed, Banga would become the first Indian-American and Sikh-American ever to lead one of two top international financial institutions, the IMF and World Bank.

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)