The World Bank is planning reforms and last March announced an increase in its funding by $5 billion a year for the next decade.
The new president of the World Bank, the Indian-American Ajay Banga, officially assumed his duties today, succeeding David Malpas who left this position yesterday.
Banga, the former chairman of card company MasterCard, was elected unopposed as head of PT in early May as the only candidate for the post.
Ajay Banga is the second president of PT who was not born in the US (he was preceded by Jim Yong Kim who was born in South Korea but grew up in Iowa) and the first who did not study at an American university: he completed his studies and began his career in his country of origin, India.
The World Bank is planning reforms and last March announced an increase in its funding by $5 billion a year for the next decade.
The set of reforms will be announced at the next annual meeting of the World Bank and the International Monetary Fund to be held in October in Marrakesh.
Source :Skai
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