India extends support to Ajay Banga's nomination as next World Bank president

India Thursday extended support to Ajay Banga's nomination as the next World Bank president. The ministry said Banga brings with him unique and wide-ranging expertise in financial and technological sectors, rich experience in guiding large organisations that have invested and created jobs in developing economies, and in mobilising resources on a large scale.

“Congratulations to Mr Ajay Banga on being nominated to lead @WorldBank. India supports Mr Banga's nomination and looks forward to his leadership of the @WorldBank,” the finance ministry said in a tweet.

“Banga's rich experience will stand him in good stead at a time when the @WorldBank is considering next-generation #reforms to deliver on its ambitious agenda to reduce poverty, expand prosperity and deal with the pressing global challenges of our times,” it said.