Ajay Banga on a two-day visit to India from today: Will meet PM Modi and Finance Minister Sitharaman
Ajay Banga on a two-day visit to India from today: Will meet PM Modi and Finance Minister Sitharaman, maybe the next President of the World Bank
America's candidate for the post of World Bank President Ajay Banga is on a 2-day visit to India from today. He will be in New Delhi on 23 and 24 March. During this, he will meet Prime Minister Narendra Modi. Apart from this, he will also meet Finance Minister Nirmal Sarkari and Foreign Minister S Jaishankar.
During his visit, he will discuss a range of issues including India's development priorities, the World Bank and global economic development challenges. In addition, Banga will also visit the Lernet Institute of Skills.
Ajay Banga can become the new President of the World Bank. US President Joe Biden nominated him last. He is the first person of Indian origin to be nominated for this. He was nominated after the current President of the World Bank, David Malpass, announced that he would step down before April 2024. Currently, the 63-year-old Indian-American Banga is the vice-chairman of the private equity fund General Atlantic.
Banga became the marketing head of Citigroup in 1996. Appointed head of Citi Financial in 2000. Became the CEO of Mastercard in 2009 and with his marketing strategies made Mastercard so popular among the youth that it became a status symbol. Banga was also awarded the Padma Shri in 2016.
In 2012, the famous magazine Fortune selected Banga as a 'Powerful Industrialist-2012'. He is the brother of Manvinder Singh Banga, former chairman of Hindustan Unilever.