© Reuters. FILE PHOTO: Ajay Banga, President and CEO Mastercard, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 19, 2017. REUTERS/Ruben Sprich//File Photo
WASHINGTON (Reuters) – The World Bank Group’s executive board said on Thursday that it will consider only one nominee, U.S.-backed former Mastercard (NYSE:) Ajay Banga, to be the development lender’s next president, as no other candidates were nominated.
The bank’s board said in a statement that it will conduct a formal interview with Banga in Washington and expects to conclude its selection process “in due course.”