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Ajaypal Banga

Former Executive Chairman, Mastercard

Search every verified Ajaypal Banga interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ajay Banga, President of the World Bank Group, has been discussing the institution's focus on job creation and its shift toward outcome-oriented metrics. In a May 2026 investment conference, Banga described his approach to cultural transformation, stating that at Mastercard he united the company around the mission to "kill cash," and at the World Bank he reduced the corporate scorecard from 155 items to 22 output-oriented measures. He said that "a job earning is the best way to drive people's hope and dignity" and that poverty is "both a state of mind and a state of being." In an April 2026 event at the Atlantic Council, Banga argued that the old model of relying on public finances is "broken" and that the private sector must be brought in to address the challenge of 1.2 billion young people entering the workforce. He outlined a jobs agenda built on three pillars: physical and human capital infrastructure, business enabling reforms, and catalytic capital. In a March 2026 interview, Banga discussed the drivers of income inequality, stating that when interest rates stay low for a long time, "capital returns increase significantly while labor returns stagnate." He described the World Bank as "not just a money bank; it is a knowledge bank" that helps countries build municipal financing markets and primary healthcare systems. Banga also said that young people should "build their own stories based on current opportunities rather than compensating for past wrongs." He noted that the World Bank raised a record $24 billion for IDA 21, which through its AAA rating can be leveraged four times for the poorest countries.

Selected quotes

Recent appearances

  • Ajay Banga - President of the World Bank Group | Investment Conference 2026

    Ajay Banga has been President of the World Bank Group since June 2023, leading the institution's transformation with a new vision to create a world free of poverty on a liveable planet. Prior to joining the World Bank, Ajay was Vice Chairman at General Atlantic and, before that, President and CEO of Mastercard for 12 years, where he led a global workforce of nearly 24,000 and made financial inclusion a core part of the company's strategy. He founded the Mastercard Center for Inclusive Growth to advance equitable and sustainable economic opportunity. Earlier in his career, Ajay spent 13 year…

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  • $120 बिलियन डॉलर के आदमी: गरीबी, पावर और Jobs | Ajay Banga x Nikhil Kamath | People by WTF

    अजय बंगा ने एक दशक में Mastercard को $30 बिलियन की कंपनी से $360 बिलियन की कंपनी बना दिया; वे Citibank के ढाई लाख कर्मचारियों वाली टीम को संभालने के लिए सबसे आगे थे, लेकिन उन्होंने वह नौकरी छोड़कर 4,000 कर्मचारियों वाली एक कंपनी का CEO बनना चुना — और आज वे वर्ल्ड बैंक को संभाल रहे हैं। यह $120 बिलियन सालाना का एक ऐसा संस्थान है जिसे मूल रूप से दूसरे विश्व युद्ध के बाद यूरोप और जापान के पुनर्निर्माण के लिए बनाया गया था, और अब इसका मकसद रोज़गार पैदा करके गरीबी को खत्म करना है। वे कहते हैं कि अफ्रीका में 60 करोड़ लोगों के पास बिल्कुल भी बिजली नहीं है, और उनका मतलब यह नहीं है कि बिजली कम है, बल्कि…

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  • Ajay Banga on India, Migration and a Youth Jobs Time Bomb

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  • The World Bank President On Why Jobs Fix Everything | Ajay Banga x Nikhil Kamath | People by WTF

    Ajay Banga took Mastercard from a $30 billion company to $360 billion in a decade, was the frontrunner to run Citibank's quarter of a million people, quit to become CEO of a company with 4,000 — and today runs the World Bank, a $120 billion-a-year institution that was originally built to rebuild Europe and Japan after the Second World War and now exists to kill poverty by creating jobs. He says 600 million people in Africa have zero electricity and he doesn't mean inadequate electricity he means black none, that 1.2 billion young people in the developing world will turn 18 in the next 15 years…

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  • Ajay Banga on the World Bank Group’s jobs agenda and global development

    AN AC FRONT PAGE EVENT—Ajay Banga, president of the World Bank Group, discusses the World Bank’s role in supporting job creation and economic development in a fast-changing global economy.

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  • World Bank Chief Ajay Banga Unveils Gaza Reconstruction Fund at Board of Peace Summit | AC1G

    World Bank President Ajay Banga announced the creation of the Gaza Reconstruction and Development Fund at the Board of Peace meeting, emphasizing transparency, donor oversight, and leveraged financing for Gaza’s rebuilding. He highlighted the role of public finance, private investment derisking, and World Bank expertise to unlock over $100 billion in reconstruction and development value for long-term regional stability. For more details, watch our story and subscribe to our channel, DRM News. World Bank Chief Ajay Banga Unveils Gaza Reconstruction Fund at Peace Summit Gaza Reconstruction Fun…

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  • Ajay Banga on India, Migration and a Youth Jobs Time Bomb | Leaders with Francine Lacqua

    Francine Lacqua sits down with Ajay Banga to discuss his journey to becoming president of the World Bank Group. From his childhood in India to a career in the private sector and eventually leading one of the world’s most influential institutions, Banga shares his leadership principles and discusses how emerging markets face a historic youth jobs gap that risks social unrest and increased migration. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscripti…

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  • Ajay Banga Interview | World Bank President Says "India Outpaces US, China With 7.5% Growth"

    In an exclusive interview with NDTV, World Bank President Ajay Banga said India posted the fastest growth among major economies, driven by structural reforms and investment in infrastructure. #WorldBank #IndiaGrowth #AjayBanga #IndiaEconomy #NDTV About NDTV (English news channel): NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams…

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  • Ahead Of Budget 2026, World Bank President Ajay Banga’s Big Remark; ‘India Now Key Component Of…’

    World Bank President Ajay Banga has lauded India’s growing global significance, calling the country a key component of the world’s economic growth engine. His remark comes just days before the Union Budget 2026, highlighting India’s central role in driving global investment, supply chain resilience, and sustainable development. Watch for details. INDIA NEWS #AjayBanga #WorldBank #IndiaEconomy #Budget2026 #GlobalGrowth #IndiaRising #EconomicLeadership #InvestmentHub #SustainableGrowth #IndiaFinance #NewIndia Download the Hindustan Times App from Playstore/App Store for all the latest news &…

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  • Ajay Banga Interview | Small AI Is India's Secret Weapon, Ajay Banga Tells NDTV At Davos

    India must embrace "small AI" to boost productivity and avoid job losses, World Bank President Ajay Banga said in Davos, warning that global AI systems dominated by the West could sideline emerging economies. Speaking to NDTV CEO and Editor-in-Chief Rahul Kanwal on the sidelines of the World Economic Forum, Banga cautioned against viewing artificial intelligence solely through the lens of large language models (LLMs) and big-data generative systems. "Most people are discussing AI from the LLM generative side. But that needs lot of computing power, electricity, massive data, and skilled people…

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