Biden World Bank pick Ajay Banga urges private lenders to step up

The World Bank needs to leverage its current balance sheet and maximise existing resources, but the total resources of development banks are in the billions of dollars, short of what's needed to boost prosperity and deal with rising challenges, said Ajay Banga, a former Mastercard Inc. chief whom Biden nominated last month.

from News-Economic Times https://ift.tt/zao2D5M

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