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U.S. Businessman Ajay Banga Approved to Lead World Bank
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wsj.comWASHINGTON—The World Bank’s executive board approved Ajay Banga as its next president on Wednesday, putting the India-born American businessman in charge of an effort to expand lending capacity and fight climate change.
Mr. Banga, who was nominated for the post by President Biden, is serving a five-year term starting June 2. He is succeeding David Malpass, a nominee of former President Donald Trump who is stepping down a year before his term ends.
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