Ajay Banga, listens as Vice President Kamala Harris, speaks at the start of a meeting with Banga and other business leaders. Ajay Banga, the 63-year-old former CEO of Mastercard, went to Washington ...

FILE - MasterCard CEO Ajay Banga speaks to reporters in New York, April 6, 2011. World Bank executive directors on Wednesday confirmed former Mastercard CEO Ajay Banga to lead the organization for a ...

Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury ...

In the days since Trump-appointed World Bank President David Malpass announced he will step down ahead of schedule, the White House has emphasized President Biden’s eagerness to appoint someone who ...

Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job. By David Gelles Reporting from the United Nations climate talks in Dubai, United ...

Washington — Former Mastercard CEO Ajay Banga was confirmed Wednesday to serve as the 14th president of the World Bank and is set to begin his five-year term at the institution's helm next month.

Mr. Banga’s appointment to a five-year term was confirmed on Wednesday by the World Bank. By Alan Rappeport Reporting from Washington Ajay Banga, President Biden’s pick to be president of the World ...