March 31, 2023 - 6:00pm | By Kyle Cornell
(Washington, DC) -- The former CEO of Mastercard is set to become the next president of the World Bank.
President Biden nominated Ajay Banga last month to lead the anti-poverty lender and no other countries publicly proposed any candidates by Wednesday's deadline.
The 63-year-old Banga spent most of the past month visiting creditor and borrower nations to build support for his nomination.
The World Bank lends about 100-billion dollars every year.
