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US Nominee for World Bank President Ajay Banga on a two-day visit to India, to meet PM Narendra Modi

The US nominee for World Bank President Ajay Banga is on a two-day visit to India where he is scheduled to meet Prime Minister Narendra Modi and finance minister Niramala Sitharaman, among others.

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Banga’s New Delhi visit (March 23 and March 24) is the final stop on his three-week global tour that began in Africa before progressing to Europe, Latin America and Asia.

Additionally, it said, Mr Banga will visit the Learnet Institute of Skills, which is a network of vocational institutes established in collaboration with the National Skills Development Corporation, funded in part by the World Bank.

Mr Banga will learn about the Institute’s programme and meet with programme participants, staff, alumni, and private sector partners to discuss how it is improving the lives and economic opportunities of participants – particularly young people, it said.

India endorsed Banga’s candidacy soon after his nomination was announced, it said, adding, since then, a diverse coalition of governments have expressed their support for Mr Banga, including Bangladesh, Colombia, Egypt, France, Germany, Ghana, Italy, Japan, Kenya, Saudi Arabia, the Republic of Korea, and the United Kingdom.

During his global listening tour, Mr Banga has met with senior government officials, stakeholders, business leaders, entrepreneurs, and civil society, it said.

Along the way, he has built continuous momentum for his candidacy, gaining the support of advocates, academics, development experts, executives, Nobel laureates, and former government officials, it said.

If elected to serve, Mr Banga will draw from his experience living and working in emerging markets and his expertise in forging public-private partnerships to mobilise investments and action to confront long standing challenges, it added.

That includes his efforts at Mastercard to successfully bring 500 million previously unbanked people into the digital economy, as well as its support for 50 million small businesses. 

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