Former Mastercard CEO Ajay Banga is chosen by Biden to lead the World Bank
US President Joe Biden chose former Mastercard CEO Ajay Banga to run the World Bank, with the expectation that the India-born executive’s ties to the private sector and emerging economies can accelerate the 77-year-old institution’s makeover to better handle climate change. Banga, now 63 years old and a citizen of the United States, was nominated by Vice President Joe Biden …