Ajay Banga, Indian-Origin World Bank President, Named In 'Great Immigrants' List
Ajay Banga, the President of the World Bank, has been recognised by the esteemed philanthropic organisation Carnegie Corporation of New York and included in their annual "Great Immigrants" list. This accolade celebrates individuals who have made significant contributions to the United States and its democracy. Banga, the first-ever Indian American to lead the World Bank, joins the list as the sole honouree from India this year. With a remarkable career spanning over three decades, he is poised to implement transformative policies addressing poverty and climate change at the World Bank, creating opportunities for people worldwide.
In a fireside chat, Banga emphasised the importance of diversity in leadership, acknowledging that surrounding oneself with like-minded individuals limits perspective and opportunities. The statement issued by Carnegie Corporation on Wednesday highlighted Banga's reflections on the subject.
Banga's professional journey commenced in India, where he spent years working for Nestle India and PepsiCo. He later joined Citigroup and ultimately served as CEO for the Asia-Pacific region. After relocating to the United States, Banga assumed the role of President and CEO of Mastercard for 12 years, eventually becoming the Executive Chairman. Under his guidance, Mastercard launched the Center for Inclusive Growth, an initiative dedicated to promoting equitable economic development and financial inclusion worldwide.
Prior to his appointment as President of the World Bank, Banga held the position of Vice-Chairman at General Atlantic. He is also recognised as a co-founder of the Cyber Readiness Institute and served as Vice-Chair of the Economic Club of New York. Banga's contributions have earned him numerous accolades, including the Foreign Policy Association Medal, the Padma Shri Award from the President of India, and the Ellis Island Medal of Honor.
The "Great Immigrants" list is an annual tribute by the Carnegie Corporation of New York, honoring exceptional naturalised citizens who have made significant contributions to the United States. This year, the honorees encompass individuals from 33 countries, representing diverse backgrounds and achievements. The initiative aims to recognise the contributions of immigrants in enriching the nation and fostering resilience in democracy. Carnegie Corporation of New York, founded by Scottish immigrant Andrew Carnegie and currently led by Irish immigrant Dame Louise Richardson, remains dedicated to acknowledging the pivotal role of naturalised citizens in shaping America as a land of opportunity for all.
