The decision on the key appointment will occur in May

 
Joe Biden has nominated the former boss of Mastercard, Ajay Banga, to lead the World Bank.

Banga is an American citizen born in India, and his nomination by the U.S. President comes just one week after David Malpass, a Donald Trump appointee, quit the role.

The World Bank’s governing body will make a decision in May, but America is the organisation’s largest shareholder and, therefore, has traditionally been allowed to put forward a candidate without challenge.

Regardless, whoever is successful, will oversee a shake-up at the Washington-based institution as it shifts its focus to the climate crisis.

Andrea Zanon joined us to discuss the key appointment.