Trump expresses confidence in World Bank President Ajay Banga, gives him major responsibility in Gaza Peace Board

News Topical, Digital Desk : US President Donald Trump has announced the formation of a high-level Peace Board to oversee permanent peace and transitional governance in Gaza . Most notably, Indian-origin Ajay Banga has been included in this board. Trump himself will chair this board, as approved by the US.

Indian-born Ajay Banga is a veteran banker and President of the World Bank Group. Known for his astute financial strategy and global leadership, he will now play a key role in the reconstruction and administrative stability of Gaza.

Who is Ajay Banga?

Ajay Banga is an Indian-American business executive with extensive experience in finance, banking, and technology. Ajay Banga is the 14th President of the World Bank Group. He was nominated to lead the World Bank by then-US President Joe Biden in February 2023. Ajay Banga assumed office as President of the World Bank Group on June 2, 2023.

According to the official website of the World Bank Group, Ajay Banga has strived to transform the World Bank into a faster, more efficient and more effective partner in development since taking charge.

Under his leadership, the World Bank has initiated comprehensive reforms aimed at increasing its lending capacity, streamlining operations, and focusing on practical, scalable, and impactful development solutions.

was born in Maharashtra

According to Investopedia, Ajay Banga was born on November 10, 1959, to a Sikh family in Khadki, a small town in Maharashtra. Ajay's father was an officer in the Indian Army. Ajay received a Bachelor of Arts (Honors) in Economics from St. Stephen's College, Delhi, in 1981. He then completed a Master of Management program at the Indian Institute of Management, Ahmedabad.

President of Mastercard

Prior to joining the World Bank Group, he served as Vice President at General Atlantic and, prior to that, as President and Chief Executive Officer of Mastercard. Ajay Banga also founded the Mastercard Center for Inclusive Growth, aimed at promoting equitable and sustainable economic opportunity.

Ajay Banga served as President of the International Chamber of Commerce from 2020 to 2022. He has served on the boards of several organizations, including the American Red Cross, Kraft Foods, and Dow Inc. He is also a co-founder of the Cyber ​​Readiness Institute.

His contributions have been recognized not only nationally but internationally, including the Singapore Public Service Star in 2022, the Padma Shri from the President of India in 2016, the Foreign Policy Association Medal in 2012, and the Ellis Island Medal of Honor.

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