A Compelling Choice for the Next World Bank Group President

Improving global governance
Apr 19, 2023 | CSIS

Among the qualities identified by the Board of the World Bank for a new group President are: experience in managing large organizations with international exposure; familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group’s development mission; a firm commitment to, and appreciation of multilateral cooperation; and effective communication and diplomatic skills. In this CSIS paper, Stephanie Segal argues that with the nomination of Ajay Banga to be World Bank Group’s President, the United States has chosen a candidate with broad appeal and the skills necessary to prepare the institution for the twenty-first century. As a U.S.-born and Indian educated person of Indian descent, Banga could appeal to the bank’s emerging market shareholders, not least India, who as current G20 chair, has placed reform of the World Bank high on its agenda.

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