World Bank President Steps Down

Indian-origin Ajay Banga has been selected as the next president of the World Bank today. He will succeed David Malpass, who announced his plans to step down in February this year.

US President Joe Biden said Thursday that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank after its current chief David Malpass announced plans to step down early.

Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.

India-born Indra Nooyi, the former CEO of global beverage giant PepsiCo, is being considered by the White House for the new World Bank president, according to a leading American daily.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

US President Barack Obama has exuded confidence that the new World Bank president Jim Young Kim will prove to be an inclusive leader with a commitment to sustained economic growth. Kim, Obama's personal nominee, was selected by the World Bank Executive Board as the next president. He will take over at the beginning of July, after the current pres...

The World Bank's highest position has traditionally been held by an American; the current president Robert Zoellick has said he will step down at the end of June.

World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.

Indian-origin Ajay Banga has been selected as the next president of the World Bank today. He will succeed David Malpass, who announced his plans to step down in February this year.

US President Joe Biden said Thursday that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank after its current chief David Malpass announced plans to step down early.

Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.

India-born Indra Nooyi, the former CEO of global beverage giant PepsiCo, is being considered by the White House for the new World Bank president, according to a leading American daily.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

US President Barack Obama has exuded confidence that the new World Bank president Jim Young Kim will prove to be an inclusive leader with a commitment to sustained economic growth. Kim, Obama's personal nominee, was selected by the World Bank Executive Board as the next president. He will take over at the beginning of July, after the current pres...

The World Bank's highest position has traditionally been held by an American; the current president Robert Zoellick has said he will step down at the end of June.

World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.