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    Devex Newswire: Banga takes charge of modernizing the World Bank

    In today's edition: We take a deep dive into Ajay Banga's “meteoric” rise as he officially takes over as head of the World Bank today; plus, WFP’s McCain brings in new execs, and medical oxygen’s post-COVID-19 future.

    By Helen Murphy // 02 June 2023

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    Ajay Banga officially takes over as head of the World Bank today, just months after David Malpass announced his early exit from the institution. We take a deep dive into his “meteoric” rise through the global corporate ranks and look at what’s expected from him in such complicated times.

    Also in today’s edition: How oxygen became the issue of the day, and a shake-up at the World Food Programme.

    + See you soon at 10 a.m. ET (4 p.m. CET) on Twitter Spaces to discuss the expectations and challenges Ajay Banga faces in his new role leading the World Bank in a time of overlapping crises.

    This article is free to read - just register or sign in

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    About the author

    • Helen Murphy

      Helen Murphy

      Helen is an award-winning journalist and Senior Editor at Devex, where she edits coverage on global development in the Americas. Based in Colombia, she previously covered war, politics, financial markets, and general news for Reuters, where she headed the bureau, and for Bloomberg in Colombia and Argentina, where she witnessed the financial meltdown. She started her career in London as a reporter for Euromoney Publications before moving to Hong Kong to work for a daily newspaper.

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