World Bank announces Ajay Banga as sole candidate for presidency
Ajay Banga, a citizen of the United States, has been named as the lone candidate for the role of the World Bank Group’s next president, according to the board of executive directors of the organization.
This was said in a statement released on Friday in Abuja by the World Bank.
“The World Bank Group’s Board of Executive Directors today confirmed that, as announced on February 22, the period for submitting nominations for the position of the next President of the World Bank Group closed on Wednesday at 6:00 pm ET.
“The board received one nomination and would like to announce that Ajay Banga, a U.S. national, will be considered for the position.
“In accordance with established procedures, the Board of Executive Directors will conduct a formal interview with the candidate in Washington D.C., and expect to conclude the presidential selection in due course,” the board said.
The News Agency of Nigeria reports that in February, US President Joe Biden nominated Banga to lead the World Bank saying that he is “well equipped” to lead the global institution at “this critical moment in history.”