| Post: | President |
| Body: | World Bank Group |
| Insignia: | World Bank logo.svg |
| Insigniacaption: | World Bank logo |
| Incumbent: | Ajay Banga |
| Incumbentsince: | June 2, 2023 |
| Termlength: | Five years, renewable |
The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term. Traditionally, the World Bank Group president has always been an American citizen nominated by the United States, the Bank's largest shareholder, and the IMF's managing director has been a European citizen.[1] While most World Bank Group presidents have had economic experience, some have not.[2]
The fourteenth and current World Bank Group president is Ajay Banga, who was selected on May 3 and began his term on June 2, 2023.[3]
| Portrait | Name | Term | Nationality | Background | Notes | ||
|---|---|---|---|---|---|---|---|
| 1 | June 18, 1946 – December 18, 1946 | Investor and publisher of The Washington Post; Chairman of the U.S. Federal Reserve | First World Bank Group president | ||||
| 2 | March 17, 1947 – June 30, 1949 | U.S. Assistant Secretary of War during World War II | First World Bank Group president with military background | ||||
| 3 | July 1, 1949 – December 31, 1962 | Bank executive with Chase Manhattan Bank; Executive Director of the World Bank | |||||
| 4 | January 1, 1963 – March 31, 1968 | Investment banker and bank executive with First Boston Corporation | |||||
| 5 | April 1, 1968 – June 30, 1981 | Business executive with Ford Motor Company; U.S. Secretary of Defense in both the John F. Kennedy administration and Lyndon B. Johnson administration | |||||
| 6 | July 1, 1981 – June 30, 1986 | President and CEO with Bank of America | |||||
| 7 | July 1, 1986 – August 31, 1991 | U.S. Representative from New York | First World Bank Group president without business background | ||||
| 8 | September 1, 1991 – May 4, 1995 | Bank executive with J.P. Morgan & Co. | First Word Bank Group president to die in office Preston had been on medical leave from his position since February 1995 and had intended to formally retire from the Bank at the end of May of the same year.[4] Ernest Stern was appointed interim World Bank Group president in his absence.[5] | ||||
| – | [6] | February 1, 1995 – May 31, 1995 | Managing Director of the World Bank; Assistant Administrator of the U.S. Agency for International Development (USAID) | First interim World Bank Group president born outside United States First World Bank Group president born in Europe First World Bank Group president from Germany | |||
| 9 | June 1, 1995 – May 31, 2005 | Corporate lawyer and investment banker | First permanent World Bank Group president born outside United States First World Bank Group president born in Oceania First World Bank Group president from Australia | ||||
| 10 | June 1, 2005 – June 30, 2007 | U.S. Deputy Secretary of Defense in the George W. Bush administration | |||||
| 11 | July 1, 2007 – June 30, 2012 | ||||||
| 12 | July 1, 2012 – February 1, 2019 | Physician, anthropologist and co-founder of Partners in Health; President of Dartmouth College | First person of color to serve as World Bank Group president First World Bank Group president born in Asia First World Bank Group president from South Korea | ||||
| – | [7] | February 1, 2019 – April 8, 2019 | CEO of the World Bank; Vice-President of the European Commission and European Commissioner for Budget and Human Resources in the Juncker Commission, European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response in the Barroso Commission | First woman to serve as interim World Bank Group president First World Bank Group president from European Union, from former Eastern Bloc, and from Bulgaria | |||
| 13 | April 9, 2019–June 1, 2023 | ||||||
| 14 | June 2, 2023–present | First World Bank Group president born in South Asia First World Bank Group president from India | |||||
| References:[8] | |||||||