Activists blast Biden's pick of Wall St insider Banga for World Bank prez

The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International

Progressive groups that have long advocated for a change in the leadership of the World Bank decried the Biden administration’s nomination of a former Wall Street and corporate executive as more of the same at the anti-poverty lender.
 

Washington’s selection of former Mastercard Inc. Chief Executive Officer Ajay Banga to be the World Bank’s president was being condemned as a forfeited opportunity to tap a candidate with deep public-sector experience combating economic inequality and climate change. 

The World Bank needs a leader “who will prioritize the urgency of the climate crisis, not another big business executive,” said Collin Rees, US