Gallagher Comments on World Bank Candidate

Kevin Gallagher stands in front of a GDP Center banner as he delivers opening remarks at a lecture hosted by the Center.

Kevin Gallagher, Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Director of the Global Development Policy Center (GDP Center), commented on the new candidate for the World Bank, Ajay Banga, and the implications of the United States nominating him in the Global Insider Newsletter from Politico.

This portion of the newsletter, titled “World Bank — Will Biden Nominee Ajay Banga Make The Cut?“, discusses the likelihood and obstacles that Banga faces to become the new head of the World Bank. The article explains the disproportionate influence that the United States holds over the nominee process, with Gallagher noting that “the Biden administration dampened any hopes for a global merit-based competition for a new World Bank president.” The article holds that while other potential candidates from Russia may attract votes, the support that Banga has already received would make it difficult for him to be outvoted.

The full article can be read on the Politico website.

Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.