10.84°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

alberta-referendum-majority-support-immigration-and-constitutional-reform-proposals
AlbertaOct 20, 2026

Alberta Referendum: Voters Back Several Government Proposals

Preliminary results from Alberta’s referendum on nine questions related to immigration and constitutional reforms show majority support for most of the provincial government’s proposals. About 58.6 per cent of voters supported giving Alberta greater control over immigration. Meanwhile, 57 per cent backed restricting access to services such as health care and education to Canadian citizens and permanent residents, while charging temporary residents fees for these services. A total of 58.4 per cent supported requiring temporary residents to live in Alberta for 12 months before qualifying for
alberta-voters-reject-separation-from-canada-76-vote-to-stay
AlbertaOct 20, 2026

Alberta Voters Reject Separation from Canada, 76% Vote to Stay

Alberta voters have overwhelmingly rejected a proposal to separate from Canada in a referendum, with preliminary results indicating that approximately 76 per cent voted to remain in the country, while only 24 per cent supported initiating the separation process. Following the historic vote, Prime Minister Mark Carney and Alberta Premier Danielle Smith thanked Albertans, describing the result as a victory for a united and strong Canada. Carney said the strong support for remaining in Canada sent a clear message that Albertans had chosen unity, cooperation and standing together as a country. He
abbotsford-double-murder-sentencing-delayed-until-february-2027
BCOct 20, 2026

Abbotsford Double Murder Sentencing Delayed Until February 2027

The sentencing hearing for Abhijeet Singh, Gurkaran Singh and Khushveer Toor, convicted of the first-degree murders of 77-year-old Arnold De Jong and his 76-year-old wife, Joanne De Jong, has been postponed until February 2027. The couple were killed during a home invasion at their Abbotsford residence nearly four years ago. The three men were found guilty of first-degree murder in May, an offence that carries a mandatory life sentence with no parole eligibility for 25 years. However, the three convicted men have sought the right to apply for early parole under the Criminal Code’s “faint-h
online-drug-trafficking-ring-uncovered-in-edmonton-five-people-charged
AlbertaOct 20, 2026

Online Drug Trafficking Ring Uncovered in Edmonton, Five People Charged

Edmonton police have laid a total of 133 criminal charges against five individuals allegedly linked to a national online drug trafficking network. The charges include organized crime, drug trafficking, money laundering and possession of proceeds of crime. The arrests stem from a lengthy investigation conducted between March 2024 and January 2025 into an online group known as BlueBuddhaCo, which allegedly laundered money through banking and cryptocurrency platforms. In January 2025, police executed search warrants at several storage and distribution locations in central Edmonton and the Hollick
canada-declares-two-year-measles-outbreak-over-after-6-417-cases
CanadaOct 20, 2026

Canada Declares Two-Year Measles Outbreak Over After 6,417 Cases

Canada’s two-year measles outbreak has officially been declared over, with the Public Health Agency of Canada confirming that no new cases of the virus have been reported in the past two months. The outbreak began in New Brunswick in October 2024 and quickly spread across 10 Canadian provinces and territories, infecting a total of 6,417 people. Ontario and Alberta were among the hardest-hit provinces. The outbreak also resulted in the deaths of two newborn babies who were infected during pregnancy. According to the Public Health Agency of Canada, most people who contracted the disease were u

Related News