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Ajay Banga , the President of the World Bank, participated in the 2023 G20 New Delhi summit. During the summit, he emphasized the need for a broader focus on issues such as food insecurity and gender equality, alongside the World Bank's traditional focus on poverty eradication. [53] Ajay Banga is the President of the World Bank Group, beginning his five-year term on June 2, 2023. He stepped into the role with a clear mandate: to transform the 80-year-old institution into a faster, more efficient, and more impactful partner in development. Ajay Banga is an Indian-American business executive, who has worked in important positions with global companies like Mastercard, PepsiCo, General Atlantic, and more. From the streets of Pune to the world stage, Ajay Banga ’s journey is nothing short of extraordinary. As the President of the World Bank Group, he now leads one of the most powerful global ...