Breakingviews - U.S. World Bank pick comes with green finance cred

Mastercard President and CEO Ajay Banga speaks to attendees during the Department of Homeland Security’s Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. REUTERS/Eduardo Munoz

BRUSSELS, Feb 23 - American soft power has officially entered its climate finance era. U.S. President Joe Biden on ThursdayAjay Banga to be the World Bank’s next president, replacing David Malpass, who announced last week he would step down a year ahead of schedule. It’s a strong signal that the United States wants to help developing countries switch to greener forms of energy.

Both Banga and Malpass spent time at big banks, but that’s where the similarities end. Malpass was chief economist at Bear Stearns until it almost failed during the 2008 financial crisis. His likely successor spent 15 years at Citigroup

Breakingviews Ohh man...🤭

Breakingviews Oh great. And they will end up like Sri Lanka 🤦🏾‍♂️

Breakingviews This guy is like a cross between bill gates and George soros super evil henchman of Klaus Schwab

Breakingviews BREAKING NEWS: President Biden's choice to head the World Bank is a strong signal that his Administration wants developing countries to stay poor.

Breakingviews ajaydevgn, akshaykumar, BeingSalmanKhan, SunielVShetty, AliZafarsays, BooneyKappor, iTIGERSHROFF, shahidkapoor MikaSingh paji’s enanu koi samjah ! UkraineKrieg UkraineRussianWar Ukraine Selenskyj russia putin singahm China korea singh Tuerkei iran ki

Breakingviews He will do exactly as the Americans want.

Breakingviews The world bank can duck off!

Breakingviews Huge lost opportunity to shift VP Harris out of the political world where alas she is not an asset in '24 and give her a sinecure better fit for her humanitarian instincts. Booker or Whitmer better VP for '24. ianbremmer BillKristol timodc

Breakingviews Hasn't 'soft power on climate finance' driven Sri Lanka into bankruptcy and starvation?

Sponsored by products made with oil from Saudi Arabia, the kingdom is as green as the desert around it. In cooperation with Chinese slave labor and globalist aspirations by the world bank. Wonderful. I hate it.

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