World Bank Board Elects Ajay Banga As President   The World Bank’s board of governors yesterday elected former Mastercard CEO, Ajay Banga, to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other...

W'Bank Closes Window For President Nominations The World Bank’s Board of Executive Directors, on Thursday, announced the closing of the period for submitting nominations for the position of the next president of the bank. The board said in a statement that it received one nomination –...