World Bank needs new playbook to boost private investment in emerging markets: Ajay Banga – Times of India

[ad_1] WASHINGTON: The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president, Ajay Banga, said on Sunday.Banga told CBS’s “Face the Nation” program that efforts now under way to stretch the World Bank’s lending … Read more

Indian-American Ajay Banga Appointed As President Of World Bank

[ad_1] New Delhi: India-born Ajay Banga has been elected as the World Bank`s next president. A 25-member executive board elected the ex-Mastercard CEO who was nominated for the post by US President Joe Biden in late February. “The Board looks forward to working with Mr Banga on the World Bank Group Evolution process,” the bank said … Read more