Biden last week nominated the 63-year-old, Indian-born business executive to run the global development bank and jump-start the 77-year-old institution’s overhaul to better address climate change.
Barring any last-minute challenges, Biden’s nomination of Banga, now a U.S. citizen, all but assures he will assume a job that oversees billions of dollars of funding to help developing countries.
Adriana Kugler, the Senate-confirmed U.S. executive director at the World Bank, hosted an informal “meet and greet” for Banga, where he and and other executive directors discussed “efficiency, effectiveness, and the impact of the bank’s work,” one of the source said.
Directors appreciated Banga’s management and leadership experience, and his willingness to engage openly, the source added.
U.S. Treasury Secretary Janet Yellen said she was pleased so far with positive reviews from Group of 20 finance officials for Banga, who has won praise for his work…
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