AJAY Banga made headlines when he was named president of the World Bank by US President Joe Biden. Indian born and mostly educated in India, Banga began his professional career in India before becoming CEO of the American finance firm, Mastercard. Having earned his American credentials, he was green-flagged for the Bank position by the powers that be in Washington.
The World Bank website informs us that: “As the only World Bank Group shareholder that retains veto power over certain changes in the Bank’s structure, the United States plays a unique role in influencing and shaping. . .
