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Incumbent. Ajay Banga. since June 2, 2023. Term length. Five years, renewable. Website. president .worldbankgroup .org. The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [ 7] The bank is headquartered in Washington, D.C., in the United States.
Robert Zoellick. Robert Bruce Zoellick ( / ˈzɛlɪk /; German: [ˈtsœlɪk]; born July 25, 1953) is an American public official and lawyer who was the 11th president of the World Bank Group, a position he held from July 1, 2007, to June 30, 2012. [ 1] He was previously a managing director of Goldman Sachs, [ 2] United States Deputy Secretary ...
The World Bank Group had total commitments in Bangladesh of $2.85 billion in fiscal year 2024, ended June 30, according to the bank's website. (Reporting by Andrea Shalal; Editing by Sonali Paul ...
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association ...
St. Stephen's College, Delhi ( BA) Indian Institute of Management, Ahmedabad ( MBA) Ajaypal Singh "Ajay" Banga (born November 10, 1959 [ 1]) is an Indian-born American business executive. [ 2] He is currently the president of the World Bank Group. [ 3] He was the executive chairman of Mastercard, after having previously served as president and ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
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