Ajay Banga Joins Trump's Gaza Peace Board: World Bank President's New Role

• Indian-origin World Bank Group President Ajay Banga has been appointed to the "Board of Peace" under US President Donald Trump's plan to oversee phase two of his 20-Point Peace Plan for the Gaza conflict.
• The Board, which Trump will chair, includes prominent figures like US State Secretary Marco Rubio, former British PM Tony Blair, and Jared Kushner.
• Banga, the 14th President of the World Bank Group, was nominated by Joe Biden in February 2023 and took charge on June 2, 2023, aiming to transform the institution.
• Born in Khadki, Maharashtra, Banga holds degrees from St Stephen's College, Delhi, and IIM Ahmedabad, and previously served as Vice Chairman at General Atlantic and CEO of Mastercard.
• His international recognitions include the Padma Shri (2016) and the Singapore Public Service Star (2022), highlighting his significant global contributions.

Why It Matters: Ajay Banga, World Bank President, joins Trump's Gaza Peace Board, adding a global economic leader to the initiative.