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Ajay Banga begins tenure as World Bank President

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Ajay Banga
Ajay Banga

Ajay Banga, an Indian-born finance and development expert, began his five-year term as World Bank Group President on June 2, 2023.

Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world.

He was the International Chamber of Commerce Honorary Chairman serving from 2020-2022. He became an advisor to General Atlantic’s climate-focused fund, BeyondNetZero, at its inception in 2021.

Banga served as Co-Chair of the Partnership for Central America, a coalition of private organizations that works to advance economic opportunity across underserved populations in El Salvador, Guatemala, and Honduras. He was previously on the Boards of the American Red Cross, Kraft Foods, and Dow Inc.

Banga is a co-founder of The Cyber Readiness Institute and was Vice Chair of the Economic Club of New York.

Monday, June 5, 2023 – 01:00











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