Former CEO of MasterCard Ajay Banga has been nominated to be the next president of the World Bank following the early resignation of outgoing President David Malpass. Homi Kharas explains the challenges ahead for the World Bank to integrate climate change into its economic development agenda and how Banga's background in large-scale financial services may be brought to bear to expand the bank's efforts.

Show notes and transcript: https://www.brookings.edu/podcast-episode/who-is-ajay-banga-us-nominee-for-world-bank-president/ 

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