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A new pilot to transform the World Bank

2023-04-09T17:28:28.023Z


STORY - Ajay Banga will take the reins of the institution. Its mission, supported by Washington and Paris: to fully mobilize this body to manage the climate crisis.


“The challenges are multiplied and multipolar.

We cannot have economic prosperity without worrying about nature, pandemics, fragility, the availability of food – it is our new world”,

summed up Ajay Banga at the beginning of March.

This 63-year-old Indian-American businessman, who never takes off his Sikh turban or his beard, then began an extensive tour of Africa, Asia and Europe.

Chosen by the White House to lead the World Bank, without a competing candidate, he should be dubbed this week by the institution's shareholder states gathered in Washington at their spring meeting.

And take control in June, before the end of the term of his predecessor, who announced his premature resignation a few months ago.

Read alsoThe World Bank pessimistic for global growth in 2023

According to the tacit agreement that has governed the appointment of the president of the World Bank since its creation in 1944, the United States, the largest shareholder, retains control by designating an American when the other large organization, too...

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Source: lefigaro

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