Three Nobel Laureates endorses Ajay Banga for WB

Washington: Three Nobel laureates and dozens of civil society, climate change and philanthropic leaders on Thursday endorsed U.S. President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Ajay Banga.

Joseph Stiglitz, who won the Nobel prize for economics in 2001, New America Foundation President Anne-Marie Slaughter, and Fred Krupp, president of the Environmental Defense Fund, were among the 53 people who signed a declaration backing Banga.

The declaration reflects growing momentum for the candidacy of Banga, an Indian-born U.S. citizen who has won support from India, Kenya, Ghana and Bangladesh, and received positive reviews from France and Germany at last month’s meeting of Group of 20 finance officials.

The World Bank has been headed by someone from the United States, the lender’s dominant shareholder, since its founding at the end of World War II.

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