The Lowy Institute

On Tuesday 10 September we had a conversation with the President of the World Bank Group, Ajay Banga, on key global economic challenges, what this means for Australia and the Asia-Pacific, and how the World Bank, governments, private sector, and civil society can work together to make the investments needed to end poverty and boost shared prosperity on a liveable planet. Dr Michael Fullilove hosted this discussion, which also featured questions from the audience. Ajay Banga began his five-year term as World Bank President in June 2023.  He most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard. He was Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022. He became an advisor to General Atlantic’s climate-focused fund, BeyondNetZero, at its inception in 2021. Banga served as Co-Chair of the Partnership for Central America, a coalition of private organisations that works to advance economic opportunity across unders