Today World News | IndiaWest |
Posted: May 5, 2023 |
Today World News - Ajay Banga, was on May 3 selected as the President of the World Bank by its executive directors for a five-year term starting June 2. Banga was the nominee of President Joe Biden. The US has chosen every World Bank President in an unwritten agreement with Europe since 1944, according to which Europe gets to select the President of the International Monetary Fund, leaving the World Bank’s top job to the US.
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