U.S. President Joe Biden's pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he launched a 'charm offensive' to win the post, three sources familiar with the matter said.
Mastercard President and CEO Ajay Banga speaks to attendees during the Department of Homeland Security's Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. REUTERS/Eduardo Munoz
WASHINGTON, March 1 - U.S. President Joe Biden's pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he launched a "charm offensive" to win the post, three sources familiar with the matter said.the 63-year-old, Indian-born business executive to run the global development bank and jump-start the 77-year-old institution's overhaul to better address climate change.
Barring any last-minute challenges, Biden's nomination of Banga, now a U.S. citizen, all but assures he will assume a job that oversees billions of dollars of funding to help developing countries. Adriana Kugler, the Senate-confirmed U.S. executive director at the World Bank, hosted an informal "meet and greet" for Banga, where he and and other executive directors discussed "efficiency, effectiveness, and the impact of the bank's work," one of the source said.
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