Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world. He was Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022. He became an advisor to General Atlantic’s climate-focused fund, BeyondNetZero, at its inception in 2021. Banga served as Co-Chair of the Partnership for Central America, a coalition of private organizations that works to advance economic opportunity across underserved populations in El Salvador, Guatemala, and Honduras. He was previously on the Boards of the American Red Cross, Kraft Foods, and Dow Inc.
Ajay Banga began his five-year term as World Bank Group President on June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.
Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations.
Lack of Transparency and Accountability: The World Bank has also been criticized for its lack of transparency and accountability. Critics argue that the Bank has not been transparent in its decision-making processes, and that it has not adequately engaged with civil society and other stakeholders in its operations.
According to the bank's 2021 annual report, Malpass earned $525,000 in net salary that year, and the bank made more than $340,000 in annual contributions to a pension plan and other benefits. After early April, Malpass' contract entitles him to a pension equivalent to 70% of his salary.
The estimated net worth of Ajay Banga is at least $186 Million dollars as of 2024-04-27. Ajay Banga is the Executive Chairman of Mastercard Inc and owns about 402,456 shares of Mastercard Inc (MA) stock worth over $186 Million. Details can be seen in Ajay Banga's Latest Holdings Summary section.
The organizations that make up the World Bank Group are owned by the governments of member nations. They make decisions on all matters, including policy, financial or membership issues.
Ousmane Diagana, a Mauritanian national, is the Regional Vice President for Western and Central Africa as of July 1, 2020. In this position, Mr. Diagana leads relations with 22 countries, and oversees a portfolio of projects, technical assistance and financial resources worth more than $40 billion.
Wencai Zhang Appointed Managing Director and World Bank Group Chief Administrative Officer. WASHINGTON, February 20, 2024—The World Bank Group today announced the appointment of Wencai Zhang as Managing Director and World Bank Group Chief Administrative Officer.
Chief Economist of the World Bank Group and Senior Vice President for Development Economics. Indermit Gill is Chief Economist of the World Bank Group and Senior Vice President for Development Economics.
Lin is responsible for the information security services and capabilities that ensure the protection of the WBG information assets in a manner that supports the WBG's mission to free the world of poverty.
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