Ajay Banga to become World Bank President without opposition

Former Mastercard CEO Ajay Banga is set to become the next president of the World Bank, as he was the only candidate nominated in the search to replace current president David Malpass. Banga, who has over 30 years of business experience, is the first Indian-born nominee to the role. The World Bank is under pressure to do more to help poor countries finance projects to combat and prepare for climate change without saddling them with heavy debts, and critics say it needs to do a better job of tackling problems that cross borders such as providing pandemic surveillance and backing broad vaccination programs.