World Bank President Ajay Banga has emphasized the need for the institution to “get bigger” to address the complex challenges facing the global economy.

World Bank President Ajay Banga has emphasized the need for the institution to “get bigger” to address the complex challenges facing the global economy. Banga argues that in a rapidly changing world, the World Bank must expand its reach, resources, and influence to effectively tackle issues such as poverty, climate change, and economic development.

He suggests that this expansion could occur through increased partnerships with both public and private sectors, fostering innovation, and leveraging technology. Furthermore, Banga stresses the importance of broadening the bank’s scope to include more diverse voices and perspectives, reflecting the evolving global landscape.

In his vision, a “bigger” World Bank would be more agile, adaptable, and responsive to the multifaceted needs of the developing world, ultimately contributing to a more sustainable and equitable future for all.