The United States' pick to lead the World Bank did not receive any opposition from other members resulting in Indian - American Ajay Banga's nomination being the only one for the post.
Confirming the news after the alloted nomination period for other candidates closed on March 29, 2023, the World Bank said, “The Board received one nomination and would like to announce that Ajay Banga, a US national, will be considered for the position.”
According to the established procedure, the next course of action will be an official interview of the candidate conducted by the Bank's Board of Executive Directors in Washington D.C.
The Indian government already endorsed Banga’s candidacy soon after his nomination was announced. Since then, a diverse group of governments has extended support for Banga, including France, Germany, Italy, Japan, Saudi Arabia, the Republic of Korea, and the United Kingdom.
The seasoned finance and banking expert was tapped by President Biden in February 2023 to head Washington D.C based World Bank after incumbent president David Malpass revealed his plans to step down.
