Capital Flows

Hopes that World Bank head will focus on climate change

Ajay Banga, new president of the Wold Bank (Jason Alden/Bloomberg)
Ajay Banga has been nominated by Joe Biden as the new president of the World Bank. (Photo: Jason Alden/Bloomberg)

Many have high hopes for presumptive World Bank head Ajay Banga, though others wished for the leadership of a woman.

Despite many hoping for a female nominee from a global south country, Ajay Banga – the former chief executive of Mastercard – has been named by US president ...

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