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Explained: Why US Has Always Had Its Nominee As World Bank President

The connection between the US and World Bank presidency is no co-incidence.
The connection between the US and World Bank presidency is no co-incidence.
Indian-American executive Ajay Banga has been nominated by US President Joe Biden to become the new President of the World Bank. His election to the position will be a mere formality since the presidency has traditionally been held by the United States. 
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