Business Daily
A special interview with World Bank boss Ajay Banga
Jun 3, 2024
Listen to an exclusive interview with Ajay Banga, President of the World Bank and former CEO of Mastercard. He discusses reforming the World Bank, challenges in funding, and warns about inflation trends. The conversation highlights his leadership style and global initiatives to promote prosperity and tackle climate change. Insights are shared on inflation, commodity prices, and trade dynamics, as well as reflections on global goals and crisis preparedness.
17:27
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Quick takeaways
- Ajay Banga focuses on reforming the World Bank through faster project approval and fostering an entrepreneurial culture.
- World Bank aims for 45% of annual lending on climate projects by 2025, emphasizing Africa's renewable energy and infrastructure needs.
Deep dives
Reforming the World Bank under RJ Bangor's Leadership
RJ Bangor, the World Bank's president for the past 12 months, has spearheaded reforms to address criticism, focusing on faster project approval, simplifying processes, and fostering a more entrepreneurial culture. He aims to reduce project approval time from 19 to 12 months, enhance client interaction, and promote risk-taking to drive impact.
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