Former Mastercard CEO and the U.S. nominee to lead the World Bank, Ajay Banga is set to visit India today during which he is expected to meet Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.
What Happened? According to a US Treasury Department statement, Banga intends to discuss the country's development priorities and global economic challenges during his two-day visit.
"These discussions will focus on India's development priorities, the World Bank, and global economic development challenges,' the statement pointed out.
Banga is also expected to visit the Learnet Institute of Skills during his visit. The institute is a network of vocational institutes established in collaboration with the National Skills Development Corporation, funded in part by the World Bank.
"Banga will learn about the Institute's program and meet with program participants, staff, alumni, and private sector partners to discuss how it is improving the lives and economic opportunities of participants – particularly young people," the release said.
In February when Banga’s candidature for the role of President of the World Bank was announced, the Indian government was quick to endorse the nomination.
It is also worth noting that a host of countries have already supported Banga’s candidacy. These include Britain, France, Germany, Italy, Japan, Bangladesh, Colombia, Egypt, Ivory Coast, Kenya, Saudi Arabia, and South Korea.
Cover image by Mastercard News on Flickr
Read next: Anand Mahindra Challenges Bill Gates To 3-Wheeler EV Drag Race With Him And Sachin Tendulkar
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.