Indian American business leader Ajay Banga’s nomination to lead the World Bank was Friday hailed by political leaders and industry captains, saying he is an inspired choice and a phenomenal addition to the list of Indian-origin leaders at the helm of globally impactful organisations.
President Joe Biden on Thursday announced that the US is nominating Banga to lead the World Bank, saying the business leader is uniquely equipped to lead the global institution at “this critical moment in history.” Applauding the decision, US Treasury Secretary Janet Yellen said Banga has the right leadership and management skills, experience in emerging markets, and financial expertise to lead the World Bank at a critical moment in its history.
In a tweet, Kristalina Georgieva, Managing Director, IMF said, “Happy to hear that Ajay Banga, who I have known for many yrs, has been nominated as a candidate to lead World Bank. His exec leadership skills & drive for innovation are well known. But even more so I admire his commitment to sustainable devt, to do good & help those most in need”.