This week, President Biden nominated Ajay Banga, the former head of Mastercard, to lead the World Bank. With his vast experience in the private sector, Banga has the potential to bring constructive changes to the organization. If he effectively leverages his skills and expertise, Banga’s leadership could mean transformational reform at the World Bank, which is an urgent necessity in light of the pressing issues of extreme poverty and the climate crisis our world is facing. This is a prime opportunity for change that must be seized without delay, and some leading voices are hopeful that Banga will rise to the occasion. Currently serving as Vice Chair of General Atlantic, Banga previously served as Chairman and CEO of Mastercard. His nomination has been welcomed on both sides of US politics; a rare feat in today’s divided world. While some are questioning Banga’s climate credentials, Lord Nicholas Stern of the London School of Economics has pointed out that, “under his [Banga’s] leadership, Mastercard was a leader in setting targets for net zero and the first such institution to gain approval from the Science-Based Targets initiative.” In the absence of government regulation, adopting a science-based target like this is considered the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
