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Bank of Italy Governor Fabio Panetta, World Bank President Ajay Banga and Italy's Minister of Economy and Finance Giancarlo Giorgetti attend the G7 Finance Ministers and Central Bank Governors' Meeting in Stresa, Italy Ukraine

World Bank chief Banga open to managing G7 loan to Ukraine

May 24, 2024 8:31 pm

Speaking on the sidelines of the meeting in northern Italy, Banga said he has not been approached by the U.S. Treasury or G7 governments on the matter but would be prepared to do so. He said he is not party to the G7 discussions on Ukraine financing.

World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first needs to get shareholders in line on how to grow the bank.

World Bank's Banga faces pressure on resources, shareholder schisms

October 09, 2023 2:29 pm

Ajay Banga, just 130 days into the job, has a mandate to broaden the multilateral development lender's mission to tackle global crises including climate change, pandemics and fragile states.

Domestic consumption provide natural cushion to India against global slowdown: Banga

July 19, 2023 7:36 pm

Talking to reporters after meeting Union Finance Minister Nirmala Sitharaman, World Bank President Ajay Banga said he discussed issues related to G20 and cooperation between the World Bank and India

India has come out strong from challenges posed by COVID, needs to maintain momentum: World Bank Prez Ajay Banga

July 19, 2023 10:13 pm

Ajay Banga is on his first visit to India after taking over the charge of the global lender.

More optimistic about India now than in a long time: World Bank chief

July 18, 2023 4:03 am

Banga who took over as the World Bank head in June said the global economy was currently in a "difficult place".

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World Bank president praises academic review centre, mentions PM Modi

July 17, 2023 6:09 am

US Secretary of the Treasury Janet Yellen who also kicked off her state visit said, “The success of the Mission Schools of Excellence project is inspiring other states to implement them.

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Municipal financing way to progress for Indian cities: Banga

July 17, 2023 1:14 am

He also stressed on building resilient cities that are “inclusive, safe for women and girls, where young people have jobs and resilient to climate change.”

World Bank must drive private investment in climate transition: Ajay Banga

June 16, 2023 3:12 pm

The World Bank must use "informed risk-taking" to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said.

World Bank board elects US nominee Ajay Banga as president

May 03, 2023 10:43 pm

The World Bank has been led by an American since its founding at the end of World War Two, while the International Monetary Fund has been led by a European.

Ajay Banga poised to become World Bank chief unopposed

March 31, 2023 2:03 pm

If confirmed, Ajay Banga would become the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank.