Posted on 04/14/2023 9:01:31 PM PDT by BenLurkin
President Biden's nominee to lead the World Bank says the twin global challenges of climate change and inequality need to be addressed simultaneously and cannot be separated.
Ajay Banga, the former CEO of Mastercard, tells Morning Edition's Michel Martin that it will take the combined action of all stakeholders, from countries to the multilateral development banking system to the private sector to make a difference, particularly when it comes to climate change.
"We don't have the time to play in silos," he says.
Banga, who is 63, says the World Bank, which oversees billions of dollars in funding for developing countries, will have to forge new partnerships to provide the resources necessary to tackle today's challenges.
"The scale of these challenges require trillions, not billions," he says.
The successful Indian-American businessman is the only candidate for the president position at the multilateral institution.
His nomination will need to be confirmed by the bank's board.
Hey,how many countries have printing presses???? Of course ,printing trillions will have no effect on the world economy, right????
Both non problems. These commie globalists need to be rooted out and appropriate dealt with. /wink
These are insane dangerous people but they have so many in their thrall.
Meanwhile there is an asteroid out there in space with Earth’s name on it and no one is even throwing pocket change at dealing with that potential.
For the first time in man’s history we have the technology, or the ability to develop it, to do something to protect the planet from the inevitable killer rocks from space and we’re supposed to spend trillions to get rid of plant food instead.
Good chance this dot head was not born in america
>> climate change and inequality
how does this egregious psychosis get resolved without perilous conflict?
I think we really need to declare overt war on all tue vast array of socialists working to destroy the lives of every normal person left.
The result of decades of “aid” to improvident third-world nations to grow their populations exponentially without economic development, so that in the future (now arriving) their sheer numbers would be a “crisis” justifying large-scale international redistribution of White people’s assets in the name of fairness. The long game.
Separating climate change and inequality won’t work, says Biden’s World Bank nominee, nor will separating UFOs, Diversity, Bigfoot or stone chips in Vega windshields he went on to add before stripping naked and dry humping the podium.
Another parasite douchebag
One, renewable energy isn't available. Two, even if it were, they couldn't afford it.
The inequality has been the issue all along. They intend to render the entire world into “third world” status for equality. That plan was established at a Bilderburger Conference in the early 1980s. I have watched that plan come to fruition step by step. No one would listen.
But you DO have time (money) to play GOD???
I think we really need to declare overt war on all the vast array of socialists; working to destroy THEIR lives!!
Yes, and China is a “developing” country.
So they are going to produce electricity using coal.
They are building 2 coal fired electricity producing plants per week.
Of course because we are a “developed” country, we must use only “green” energy.
Cheaply made in China expensive solar panels.
And windmills.
Which are made by using massive amounts of FOSSIL FUELS!
Of course china has bought up most cobalt and other rare earth mines all around the world.
Many mined by child forced labor.
The reason for inequality is inequality.
The guy knows how to make money, but is he American? Banga started his career at Nestle in India, where he held various marketing and general management roles. In 1996, he joined PepsiCo, where he served as the Senior Vice President of Corporate Strategy and Development.
Banga joined Citigroup in 1998 and held a variety of senior leadership positions during his 13-year tenure, including CEO of Citigroup Asia Pacific and CEO of Citigroup EMEA. In 2010, Banga was appointed CEO of Mastercard, where he succeeded Robert Selander. Under his leadership, Mastercard’s revenue grew from $5.5 billion to $16.9 billion, and the company’s market capitalization increased from $21 billion to over $300 billion.
When you hear the term “stakeholders”, run.
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