President of the World Bank Group facts for kids

Quick facts for kids President of World Bank Group
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Incumbent Ajay Banga since June 2, 2023
Term length	Five years, renewable

The President of the World Bank Group is the leader of the World Bank Group. This important person is in charge of running meetings for the bank's main leaders. They also manage the entire World Bank Group.

The person chosen for this job needs to be approved by the bank's Board of Executive Directors. They serve for five years and can be chosen again. For a long time, the World Bank Group president has usually been an American citizen. This person is nominated by the United States, which is the bank's biggest supporter. Most presidents have worked with money or economics before, but some have not.

The current president, the fourteenth one, is Ajay Banga. He was chosen on May 3 and started his job on June 2, 2023.

Meet the World Bank Group Presidents

This section lists the people who have led the World Bank Group over the years.

Status

     Denotes an acting president of the World Bank Group

#	Picture	Name	Time in Office	From	What They Did Before	Interesting Facts
1		Meyer, EugeneEugene Meyer	June 18, 1946 – December 18, 1946	United States	Investor and newspaper publisher	First World Bank Group president
2		McCloy, John J.John J. McCloy	March 17, 1947 – June 30, 1949	United States	U.S. Assistant Secretary of War
3		Black Sr., Eugene R.Eugene R. Black Sr.	July 1, 1949 – December 31, 1962	United States	Bank executive
4		Woods, GeorgeGeorge Woods	January 1, 1963 – March 31, 1968	United States	Investment banker
5		McNamara, RobertRobert McNamara	April 1, 1968 – June 30, 1981	United States	Business executive and U.S. Secretary of Defense
6		Clausen, Alden W.Alden W. Clausen	July 1, 1981 – June 30, 1986	United States	President and CEO of Bank of America
7		Conable, BarberBarber Conable	July 1, 1986 – August 31, 1991	United States	U.S. Representative from New York	First president without a business background
8		Preston, Lewis T.Lewis T. Preston	September 1, 1991 – May 4, 1995	United States	Bank executive	First president to pass away while in office
–		Stern, ErnestErnest Stern Acting	February 1, 1995 – May 31, 1995	United States	Managing Director of the World Bank	First acting president born outside the U.S. (in Germany)
9		Wolfensohn, JamesJames Wolfensohn	June 1, 1995 – May 31, 2005	United States	Corporate lawyer and investment banker	First permanent president born outside the U.S. (in Australia)
10		Wolfowitz, PaulPaul Wolfowitz	June 1, 2005 – June 30, 2007	United States	U.S. Deputy Secretary of Defense
11		Zoellick, RobertRobert Zoellick	July 1, 2007 – June 30, 2012	United States	Bank executive and U.S. Deputy Secretary of State
12		Kim, Jim YongJim Yong Kim	July 1, 2012 – February 1, 2019	United States	Doctor, anthropologist, and college president	First president of color, born in Asia (South Korea)
–		Georgieva, KristalinaKristalina Georgieva Acting	February 1, 2019 – April 8, 2019	Bulgaria	CEO of the World Bank and European Commissioner	First woman to be an acting president, from Bulgaria
13		Malpass, DavidDavid Malpass	April 9, 2019–June 1, 2023	United States	Chief Economist and U.S. Under Secretary of the Treasury
14		Banga, AjayAjay Banga	June 2, 2023–present	United States	Vice Chairman at General Atlantic; President and CEO of Mastercard	First president born in South Asia (India)
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