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Washington - President Joe Biden is hailing the new head of the World Bank as a “transformative” leader who will integrate climate change into

Biden praises new World Bank president Ajay Banga as ‘transformative’ leader who will address climate change challenges

Washington - President Joe Biden is hailing the new head of the World Bank as a “transformative” leader who will integrate climate change into

Russia considered outgoing World Bank President David Malpass a brave leader who respected Moscows views and proposals, however, he changed last year under enormous pressure from the Western members of the multilateral institution, World Bank Executive Director for Russia and Syria Roman Marshavin told Sputnik.

The World Banks capabilities to finance the Ukrainian program with loans in the upcoming months are almost exhausted, , World Bank Group Executive Director for Russia and Syria Roman Marshavin told Sputnik

The World Banks estimates of the growth of the Russian economy often demonstrate a biased pessimism, World Bank Group Executive Director for Russia and Syria Roman Marshavin told Sputnik

India-born Ajay Banga is set to become World Bank’s next chief unopposed. A former CEO of Mastercard, he is a veteran in the finance and banking sector. However, his appointment comes at a challenging time for the institution amid global inflation, the Ukraine war, and the threat of climate change

Moscow consulting with allies about challenging ex-Mastercard CEO Ajay Banga, Russian media report says.

Russia remains a voting member of the World Bank, although the bank halted all programmes in Russia and Belarus last March

Russia is consulting with its allies about challenging the US nominee to head the World Bank, Moscow’s top representative at the bank said on Tuesday, a move that could complicate what was expected to be a smooth succession process.