He will pursue WB goals: Sitharaman

Incheon: Finance minister Nirmala Sitharaman on Thursday exuded confidence that the incoming World Bank President Ajay Banga will utilise his corporate world experience in pursuing the goals of the multilateral lending agency.

"Hearty congratulations Ajay Banga on being selected as the President of @WorldBank. I am confident that you'll bring your wide experience in the corporate world for meeting the goals of the Bank," Sitharaman tweeted.

The minister is currently in Incheon in South Korea to attend the 56th annual meeting of the Asian Development Bank (ADB). Banga, 63, will take over as the President of the World Bank on June 2. He will succeed President David Malpass.