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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The New President Of The World Bank Takes Over

    Rocky
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    • Post n°1

    The New President Of The World Bank Takes Over Empty The New President Of The World Bank Takes Over

    Post by Rocky Sat 03 Jun 2023, 9:15 am

    The New President Of The World Bank Takes Over
    06/03/2023
    2694

    The New President Of The World Bank Takes Over 2023-06-03-10.46.44

    Earth News / Ajay Banga, the new president of the Indian-American International Bank, officially assumed his duties on Friday, succeeding David Malpas, who yesterday ended his term at the helm of this institution, according to close sources.
    Banga was the only announced candidate, the former head of the payment systems group MasterCard, was elected without a surprise in early May.
    If Ajay Banga is the second official of the World Bank not born in the United States after Jim Yong Kim, who was born in South Korea but grew up in Iowa, then he is the first who did not graduate from an American university after studying and starting his career in his native India.
    This comes in the context of reforms to the institution, which announced last March an increase in its funding by five billion dollars annually over the next ten years.
    The content of the reforms will be revealed during the next annual meeting of the World Bank and the International Monetary Fund in October in Marrakesh (Morocco).
    The Foundation is expected to demonstrate its ability to enhance its efforts to help fund the fight against global warming. Some countries, especially the least developed countries, fear that this will be done at the expense of combating poverty.
    In a message addressed to all employees, Banga affirmed his desire to “create a world without poverty on a livable planet,” considering that “the realization of these aspirations requires that we develop, be creative, use our resources to the maximum extent, and establish new partnerships with civil society.”
    The new official also paid tribute to his predecessor, David Malpass, a “fierce defender of the World Bank,” thanks to whom he “made great progress in our missions.”
    For his part, the latter wrote in a post on his personal page on LinkedIn on Thursday, summarizing his achievements and recalling in particular “the World Bank’s rapid response to a series of global crises with the allocation of $440 billion.”
    "During my tenure, the World Bank doubled its financing to combat global warming in developing countries by a record $32 billion," he said.
    David Malpass confirmed that his assumption of the presidency of the World Bank was “a great honor” and thanked “its staff and the board of directors for working together.”
    Although he is highly regarded internally, particularly by the foundation's staff, David Malpass has not succeeded in silencing critical voices abroad, particularly regarding his lack of interest in climate issues.
    The topic returned to the fore last September when a New York Times journalist asked him during an event about it, and Malpass refused to admit that human activities are the main cause of global warming.
    He later confirmed this on several occasions, but this hesitation contributed to the consolidation of his image as a skeptic of the climate fluctuations put forward by former US Vice President Al Gore.
    https://earthiq.news/archives/241418
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