- Today, US President Biden has announced the US nomination of Ajay Banga as the next World Bank President. Banga currently serves as Vice Chairman at General Atlantic and previously as President and CEO of Mastercard.
- The World Bank is currently undergoing a major reform process as part of its Evolution Roadmap to focus more on the global climate challenge.
Sonia Dunlop, Public Banks Lead at independent climate think tank E3G said, welcoming the nomination of Ajay Banga as the new President of the World Bank:
“Ajay Banga said it: climate action is about pure survival. Humanity’s climate safety is priceless. Banga will be a fresh pair of hands at the wheel of what we hope will be a greener, bigger, transformational and reformed World Bank capable of leading a global response to global challenges.”
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Sonia Dunlop, Public Banks Programme Lead, E3G
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Notes to Editors
- E3G is an independent climate change think tank with a global outlook. We work on the frontier of the climate landscape, tackling the barriers and advancing the solutions to a safe climate. Our goal is to translate climate politics, economics and policies into action. About – E3G
- The new World Bank President Ajay Banga must be able to meet complex global challenges such as climate change, global health and economic inequality head-on. E3G has eight recommendations for the next President of the World Bank: The World Bank needs a transformational leader for climate and development – E3G