Indian-American Ajay Banga sole nominee to lead World Bank

The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the President’s position as the nomination period closed on March 29.
The World Bank announced that Ajay Banga will be considered for the position. In a press release issued on its website, the World Bank said, “The World Bank Group’s Board of Executive Directors today confirmed that, as announced on February 22, the period for submitting nominations for the position of the next President of the World Bank Group closed on Wednesday, March 29 at 6:00 pm ET.”
The World Bank further said, “The Board received one nomination and would like to announce that Mr. Ajay Banga, a U.S. national, will be considered for the position.” The World Bank said that a formal interview will be conducted with the candidate in Washington DC.