"The White House is touting Banga’s experience with financial inclusion and climate change".
"The Biden administration on Thursday nominated Ajay Banga, a former Mastercard executive who is now vice chairman at the private equity firm General Atlantic, to be the next president of the World Bank.
Banga is still subject to a months-long confirmation process before the bank’s board reaches a final decision. As the bank’s largest shareholder, the United States has typically chosen its leader, although other countries could still put forward nominations of their own.