And there's definitely something to be said for starting off the year with a Banga.
Posted on 02/23/2023 8:55:26 AM PST by Oldeconomybuyer
WASHINGTON (AP) — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change.
The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading the 189-nation poverty reduction agency. His five-year term was due to expire in April 2024.
Addressing the impacts of climate change at the multilateral bank is a priority for the U.S. And leading climate figures have urged the Biden administration to use Malpass’ early departure as an opening to overhaul the powerful financial institution, which has been increasingly criticized as hostile to less-wealthy nations and efforts to address climate change.
Malpass ran into criticism last year for seeming, in comments at a conference, to cast doubt on the science that says the burning of fossil fuels causes global warming. He later apologized and said he had misspoken, noting that the bank routinely relies on climate science.
Banga, currently vice chairman at private equity firm General Atlantic, has more than 30 years of business experience, having served in various roles at Mastercard and the boards of the American Red Cross, Kraft Foods and Dow Inc. He is the first Indian-born nominee to the World Bank president role.
“Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said in a statement, adding that Banga “has critical experience mobilizing public-private resources to tackle the most urgent challenges of our time, including climate change.”
(Excerpt) Read more at apnews.com ...
Nope!
What does a financier know about solving climate change?!
they know how to charge people for it-
He isn’t Indian born, he’s Indian.
The term doesn’t represent a place, it represents genetics.
What does a financier know about solving climate change?!
Everything is about money FRiend. Everything......
Ajay S. Banga | An Internet For Everyone World Economic Forum Video
It’s a perfect experience to give away money! Biden is a genius.
He was born in India.
A Religion First guy ?
It wouldn’t have mattered if he was born in Antarctica.
He’d still be Indian.
That’s the point.
And there's definitely something to be said for starting off the year with a Banga.
I hear you. I just thought his nationality was relevant, so I looked. He’s described as either Indian, or Indian-American, so I guess he has dual citizenship.
Nothing about Anarctica, though, lol.
What does a banker know about climate change? Should be about morning since the two are unrelated… even though the “rulers” keep trying to link absolutely everything to the climate.
He needs to shave.
India banks need the access - they aren’t fairing so well these days.
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