Joe Biden nominates Ex-Mastercard CEO Ajay Banga to head World bank.

Barring any last-minute challenges, Biden’s nomination of Banga, now a U.S. citizen, all but assures he will assume a job that oversees billions of dollars of funding to help developing countries.

Directors appreciated Banga’s management and leadership experience, and his willingness to engage openly.

Others have pushed for the first woman president in the bank’s 77-year history.