Ajay Banga, President of the World Bank, has been acknowledged on the annual “Great Immigrants” list by the Carnegie Corporation of New York.
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Ajay Banga, the president of the World Bank, has been honored on the annual “Great Immigrants” list by the Carnegie Corporation of New York. He receives praise for his accomplishments and efforts to advance democracy in America. With over 30 years of experience in significant roles, the 63-year-old Banga is expected to introduce revolutionary ideas at the World Bank to combat poverty and address climate change, fostering possibilities for people worldwide.
What is the Great Immigrant list?
This year, the corporation honours 35 individuals from 33 countries and a wide range of backgrounds. Among the honourees are individuals who have fostered opportunities for others through their work as educators, mentors, philanthropists, job creators, public servants, storytellers, and advocates.
“The Great Immigrants initiative is a tribute to the legacy of Andrew Carnegie, a Scottish immigrant who, like these honourees, found success in America, contributed enormously to his adopted country, and inspired others to do the same,” said Dame Louise Richardson, president of Carnegie Corporation of New York.
Career of Ajay Banga
- Mr. Banga started his career in India, spending 13 years at Nestle India and two at PepsiCo. In 1996, he joined Citigroup, eventually leading the Asia-Pacific region as CEO.
- Afterward, relocating to the U.S., Mr. Banga held the position of president and CEO at Mastercard for 12 years before assuming the role of executive chairman.
- Under his leadership, Mastercard launched the Center for Inclusive Growth, which promotes worldwide economic growth, financial inclusion, and sustainability, as stated.
- Prior to his appointment to the World Bank, Mr. Banga was the vice-chairman at General Atlantic. He is also a co-founder of the Cyber Readiness Institute and served as vice-chair of the Economic Club of New York.