U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process.
In an interview, Yellen affirmed her support for the longstanding tradition of the United States choosing the World Bank’s leader and Europe choosing the head of the International Monetary Fund.
“We’ve taken this very seriously and tried to identify a candidate that we think brings the right skill set to this job,” Yellen said. “And we hope that our candidate will be broadly accepted in both lending countries and borrowing countries.”
Yellen said she was pleased so far with positive reviews from G20 finance officials for Banga, 63, an Indian-born U.S. citizen who has won accolades for his work transforming Mastercard and working to lift people in developing countries out of poverty.
Source (Reuters)
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