The World Bank Group’s board of executive directors has announced Ajay Banga, a U.S. national, as the only nominee for the position of the next president of the lender.
This was made known in a statement issued in Abuja on Friday.
Last month, David Malpass, president of World Bank Group, announced his intentions to step down from his position — after more than four years of service.
Speaking in the statement on Friday, the financial institution said only one nomination was received and that Banga would be considered for the position.
“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 at 6:00 pm ET,” World Bank said.
“The board received one nomination and would like to announce that Ajay Banga, a U.S. national, will be considered for the position.
“In accordance with established procedures, the board of executive directors will conduct a formal interview with the candidate in Washington D.C., and expect to conclude the Presidential selection in due course,” the board said.
In February, US President Joe Biden had nominated Banga to lead the World Bank saying that he is “well equipped” to lead the global institution at “this critical moment in history.
