World Bank Group President Ajay Banga attends a plenary session on the opening day of the G20 Leaders' Summit at the Nasrec Expo Centre in Johannesburg, South Africa, November 22, 2025. REUTERS/Thomas Mukoya/Pool
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CNBC TV1817-01-2026, 13:59

Ajay Banga Joins Gaza 'Board of Peace' for Reconstruction Efforts

  • Indian-origin World Bank President Ajay Banga has been named to the newly formed 'Board of Peace' for Gaza.
  • The seven-member board, chaired by US President Donald Trump, aims to oversee the reconstruction and transitional governance of Gaza.
  • Banga, the 14th President of the World Bank Group, is the first person of South Asian descent to lead the institution.
  • His career spans over four decades in consumer products, finance, banking, and technology, including leadership roles at Mastercard and General Atlantic.
  • Banga, born in Khadki, Maharashtra, holds degrees from St. Stephen's College, Delhi, and IIM Ahmedabad.

Why It Matters: Ajay Banga, World Bank President, joins the Gaza 'Board of Peace' to lead reconstruction efforts.

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