US expects Biden’s nominee, Ajay Banga, to be elected as World Bank chief – Reuters
- Date: 29-Mar-2023
- Source: Reuters
- Sector:Financial Services
- Country:Egypt
US expects Biden’s nominee, Ajay Banga, to be elected as World Bank chief – Reuters
WASHINGTON, March 29 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said she expected the U.S. nominee to head the World Bank, former Mastercard (MA.N) CEO Ajay Banga, to be elected as president of the multilateral development bank.
In testimony prepared for the State, Foreign Operations, and Related Programs subcommittee of the House Appropriations Committee, Yellen said Banga would be charged with helping evolve the institution to better address new challenges.
"This evolution will help the Bank deliver on its vital poverty alleviation and development goals," Yellen will tell lawmakers who control the Treasury Department's purse strings.
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