FILE PHOTO: U.S. nominee to head World Bank, Ajay Banga stands with officials during his visit at the headquarters of Ivorian electricity company of Yopougon in Abidjan, Ivory Coast March 7, 2023.
REUTERS/Luc GnagoWASHINGTON (Reuters) - The World Bank’s 25-member executive board is set to vote on the U.S. nominee to run the World Bank, Ajay Banga, on Wednesday after completing a four-hour interview with the ex-Mastercard CEO on Monday, sources familiar with the process said.
If approved, Banga could start in the new job in early June after the June 1 departure of Malpass.
U.S. President Joe Biden nominated Banga, an Indian-born executive who is now a U.S. citizen, in late February.
The World Bank has been led by an American since its founding at the end of World War Two, while the International Monetary Fund has been led by a European.