The new President of the Indo-American World Bank, Ajay Banga, officially took office, replacing David Malpass, who ended his term as the head of this institution.
Banga, the only declared candidate, the former head of the payment systems group MasterCard, was elected without surprise in early May.
This comes in the context of reforms for the foundation, which announced in March to increase its funding by $ 5 billion annually over the next ten years. The content of the reforms will be unveiled at the next annual meeting of the World Bank and the International Monetary Fund in October in Marrakech (Morocco).
Source (Asharq Al-Awsat Newspaper, Edited)
