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World Bank President Ajay Banga
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Ajay Banga Selected 14th President of the World Bank

The Executive Directors of the World Bank selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world.

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World Bank Live

Gender Equality and LGBTI+ Inclusion

Discrimination based on sexual orientation and gender identity (SOGI) has negative impacts on development outcomes and fuels the exclusion of sexual and gender minorities, creating barriers to accessing markets, services, and spaces. The World Bank commemorated the International Day Against Homophobia, Transphobia, and Biphobia (IDAHOTB) in this event, raising awareness of the discrimination and exclusion that sexual and gender minorities face in our client countries. 

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WORLD BANK AND CLIMATE

Explore: Country Climate and Development Reports (CCDRs)

The World Bank Group’s Country Climate and Development Reports (CCDRs) are new core diagnostic reports that integrate climate change and development considerations. They will help countries prioritize the most impactful actions that can reduce greenhouse gas (GHG) emissions and boost adaptation, while delivering on broader development goals. Download our latest reports from Brazil and Indonesia

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In 2022, the global average score on the World Bank’s Women, Business and the Law index rose just half a point to 77.1—indicating women, on average, enjoy barely 77 percent of the legal rights that men do. At the current pace of reform, in many countries a woman entering the workforce today will retire before she will be able to gain the same rights as men, the report notes. This year, 18 countries enacted 34 reforms, the lowest number of reforms in 20 years. But more than half of all reforms captured were implemented in the Sub-Saharan Africa region by seven economies. Learn More.

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