Ajay Banga uniquely equipped to lead World Bank, says US

Washington: Indian-American business leader Ajay Banga is an exceptional candidate and he is uniquely equipped to lead the World Bank at such a critical moment, the US has said as the bank plans to formally announce his appointment as its president. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is well equipped to lead the global institution at "this critical moment in history."

On March 31, The World Bank closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga. Banga is the only applicant for the position of president of the World Bank, the global financial institution said. "He (Banga) is uniquely equipped to lead the World Bank at such a critical moment, and he's an exceptional candidate," Vedant Patel, State Department Principal Deputy Spokesperson, told reporters at his daily news conference on Friday.

"His leadership skills and management experience, his experience in the financial sector, will help achieve the World's Bank objectives by eliminating extreme poverty, and expanding prosperity, while also doing so in a very evolving and dynamic global playing field, where we're dealing with a lot of new and pressing issues and challenges, like climate change and global health challenges and other things as well," Patel said.