Chefs from the World Bank and the IDB will visit Peru and Jamaica

The new president of the World Bank, Ajay Banga, will visit Peru and Jamaica next week, kicking off a global tour that will last for months, with the aim of accelerating the evolution of the financial entity in dealing with the climate crisis and reinvigorating his mission. de desenvolvimento, disse o Banco Mundial nesta quinta-feira (8).

Former CEO of Mastercard who assumed the position at the sixth fair, Banga will visit countries in all the regions where the World Bank operates in December 2023, the bank said in a statement. It will work to identify barriers to private sector investment, find opportunities to maximize the bank’s impact, and deepen relationships between the institution and the countries it serves, further afield.

Banga will also work to “reimagine strategic partnerships” with other multilateral creditors and development organizations, and will be accompanied by the president of the Inter-American Development Bank, Ilan Goldfajn, during stops in Peru and Jamaica.

“The two leaders will explore opportunities for greater collaboration and coordination to maximize our joint impact on people,” said the World Bank.

Banga is under pressure to expand the lending capacity of the World Bank and reformulate its business model, with the United States and other large investors charging for an expansion of its anti-poverty mission to deal with climate changes, pandemics, food insecurity, fragility and other crises globalis.

The Banga travel plans for the next seven months or will be levied for small non-Pacific islands and countries in Africa, the Middle East, Asia, Europe, Latin America and the Caribbean, designate the bank.

(Reporting by David Lawder)