US President Joe Biden has taken to Twitter to congratulate Ajay Banga on his appointment as the next President of the World Bank. In a tweet, Biden shared a picture of himself with Banga and expressed his support for the new World Bank President.
“I look forward to working with Ajay in his new role, and to supporting his efforts to transform the World Bank to reduce poverty and address global challenges including climate,” Biden wrote.
Banga, an Indian-American businessman and former CEO of Mastercard, was appointed as the President of the World Bank on May 4. He will succeed David Malpass, whose term ends in October this year.
In his new role, Banga will lead the World Bank’s efforts to reduce global poverty and promote sustainable development. He brings with him extensive experience in the financial industry and a track record of promoting financial inclusion and digital transformation.
Biden’s tweet reflects the US government’s commitment to working with Banga and the World Bank to address pressing global issues, including poverty reduction and climate change. The World Bank plays a crucial role in supporting development projects in countries around the world and is a key player in global efforts to combat poverty and inequality.
As the world continues to grapple with the ongoing COVID-19 pandemic and its economic fallout, the role of the World Bank in promoting sustainable and inclusive growth has become more important than ever. With Banga at the helm, the World Bank will have a leader with a strong track record of promoting financial inclusion and driving innovation, which could be crucial in helping to build a more equitable and sustainable future for people around the world.
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