Published: Jun 02, 2023, 20:40 IST | Updated: Jun 02, 2023, 20:40 IST
The World Bank's 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2, ushering in the India-born finance and development expert to revamp the lender to tackle climate change and other global crises.