4.1°C Vancouver

May 3, 2023 8:30 PM - The Canadian Press

Ajay Banga confirmed as next World Bank president

Share On
ajay-banga-confirmed-as-next-world-bank-president
Ajay Banga will be the first person from the Indian-American and American Sikh community to head the World Bank. (Photo: Ajay Banga's Facebook Profile)

Former MasterCard CEO Ajay Banga will be the next president of the World Bank.

The 25-member executive board of the World Bank on Wednesday elected Ajay Banga as president for a five-year term, who will assume his post from June 2.

Ajay Banga will be the first person from the Indian-American and American Sikh community to head the World Bank.

Banga was nominated for the post by US President Joe Biden in late February.

Biden had said that Ajay Banga is the most qualified person to lead this global organization.

Latest news

former-cbc-anchor-tells-mps-broadcaster-silenced-and-intimidated-him
CanadaMar 10, 2026

Former CBC anchor tells MPs broadcaster “silenced and intimidated” him

Former CBC television reporter and anchor Travis Dhanraj told a House of Commons committee Tuesday that the public broadcaster fostered a workplace culture where he says employees were “silenced and intimidated.” Dhanraj, who previously hosted the CBC program Canada Tonight, appeared before the House of Commons Standing Committee on Canadian Heritage as part of its study into the state of journalism and media in Canada. During his testimony, Dhanraj said the Canadian Broadcasting Corporation created what he described as a “toxic culture where intimidation went unchecked.” He said the b
conservatives-propose-bill-to-remove-barriers-on-interprovincial-alcohol-sales
BCMar 10, 2026

Conservatives propose bill to remove barriers on interprovincial alcohol sales

Canada’s Conservative Party says it is pushing to remove federal barriers that limit the sale and delivery of Canadian alcohol between provinces. Conservative MP Dan Albas has introduced a private member’s bill that proposes amendments to the Canada Post Corporation Act. The changes would allow Canadian breweries, wineries and distilleries to ship products directly to consumers across provincial borders using Canada Post. Speaking at a news conference Tuesday morning, Conservative Leader Pierre Poilievre said current rules make it harder for Canadian businesses to trade within the country
WorldMar 10, 2026

Bahrain says it intercepted 105 missiles, 176 drones amid rising Middle East tensions

Tensions in the Middle East continue to escalate following reported military actions involving the United States and Israel targeting Iran. Bahrain’s armed forces say the country’s air defence systems have intercepted and destroyed 105 missiles and 176 drones since Iran began what officials described as retaliatory attacks. According to a statement from Bahrain’s military, defence systems have been responding continuously to incoming aerial threats. Authorities said the interceptions took place as regional forces remain on heightened alert amid fears of a wider escalation across the Gulf
convicted-serial-killer-allan-legere-known-as-monster-of-the-miramichi-dies-in-prison-at-78
CanadaMar 10, 2026

Convicted serial killer Allan Legere, known as ‘Monster of the Miramichi,’ dies in prison at 78

Allan Legere, the convicted serial killer known as the “Monster of the Miramichi,” has died while serving a life sentence in federal custody, according to the Correctional Service of Canada. Legere, 78, died at the Edmonton Institution, the federal agency confirmed. No additional details about the cause of death were immediately released. Legere was serving a life sentence for a series of killings and violent attacks in New Brunswick in the late 1980s. In January 1987, he was sentenced to life in prison for the murder of a Miramichi-area shopkeeper and the sexual assault of the man’s wif
nine-people-detained-after-police-deploy-emergency-team-during-abbotsford-shooting-call
BCMar 10, 2026

Nine people detained after police deploy emergency team during Abbotsford shooting call

Police in Abbotsford say nine people were detained after officers responded to a reported shooting Tuesday night at a home in the 33500 block of Cannon Avenue. According to a news release from the Abbotsford Police Department, patrol officers were called to the area at about 8:00 p.m. and quickly identified a residence known to police that investigators believe is connected to the incident. Police said several individuals inside the home became uncooperative when officers attempted to evacuate the residence and barricaded themselves inside. Because of the nature of the call and information tha

Related News