Published: May 03, 2023, 20:20 IST | Updated: May 03, 2023, 20:20 IST
The former CEO of MasterCard, who is of Indian descent, was voted to a five-year term on Wednesday by the 25 members of the World Bank's executive board. His term will begin on June 2nd. U.S. President Joe Biden made the 63-year-old banga's nomination for the position in late February.