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US pick Ajay Banga confirmed as new World Bank president
US pick Ajay Banga confirmed as new World Bank president
Business and Economy
by  AFP

The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change. - Climate concerns - Banga will enter his new role at a difficult time for the world economy, with slowing global growth and high interest rates in many major economies.