Ajay Banga former Chairman of ICC becomes the 14th President of the World Bank

June, 7, 2023

Ajay Banga takes on the post of the fourteenth President of the World Bank for a five-year term beginning June 2023. Mr Banga, a distinguished global leader and former Chairman of the International Chamber of Commerce (ICC), brings his new role a wealth of experience and expertise. His appointment follows a rigorous selection process conducted by the World Bank's Executive Directors.

Ajay was a staunch advocate for equitable and sustainable economic growth during his tenure at the International Chamber of Commerce (ICC),. The ICC is the largest business organisation in the world, representing the interests of companies from various sectors and promoting international trade and investment. Mr Banga, an accomplished business executive and thought leader, has a proven track record of driving inclusive growth and economic development. He actively engaged with policymakers, business leaders, and stakeholders worldwide to advocate for policies that promote open markets, trade liberalisation, and a conducive business environment.