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Biden World Bank Pick Poised to Win Top Job as Sole Nominee

  • Nomination window closed Wednesday, no other picks submitted
  • US has called on World Bank to increase capital firepower
Ajay Banga, US-nominee for leader of the World Bank.
Ajay Banga, US-nominee for leader of the World Bank.Photographer: Hollie Adams/Bloomberg
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Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender’s next president after nominations closed Wednesday with no country proposing an alternative candidate.

The former Mastercard Inc. chief executive was tapped by President Joe Biden last month after current president David Malpass announced plans to step down almost a year early.