Biden picks Indian-American candidate to chair World Bank

Former Mastercard CEO Ajay Banga has been picked by US President Joseph Biden to vie for chairman of the World Bank (WB), it was announced Thursday in Washington DC. Banga, 63, who was born and raised in India, has the indispensable experience to mobilize public and private resources to address the most urgent challenges of our time, including global warming, the White House explained through a statement.