PARIS, June 26, 2025—The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement today to work together to support the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group President Ajay Banga and IAEA Director General Rafael Mariano Grossi, formalizes multiple engagements between the two institutions over the last year, and marks the World Bank Group’s first concrete step to reengage with nuclear power in decades.
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Remarks by World Bank Group President Ajay Banga at the Lowy Institute in Sydney, Australia
As Prepared for Delivery
Thank you for the kind introduction.
For me, this moment marks the culmination of a journey that began over a year ago—when I first started at the World Bank and promised to visit every region where we operate.
The World Bank’s Bold New Vision
On October 13, 2023, at the World Bank-IMF Annual Meetings in Marrakech, Ajay Banga delivered a landmark address on the Bank’s new vision and mission and the roadmap to achieve it. Read the full remarks, watch the video, and see highlights below.
The World Bank’s Bold New Vision
“To create a world free of poverty – on a livable planet.”
This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.
In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.
We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.
The World Bank’s Bold New Vision
“To create a world free of poverty – on a livable planet.”
This vision and mission will test the sincerity of our ambition – it sets us on a journey that will require reimagined partnerships, a new way of working and thinking, an innovative plan to scale and replicate, additional resources, and optimism for what could be possible.
In all corners of the globe, people are eager to go to work, and to create with their own hands. They want a better life for their children and grandchildren.
We must be the hand on the back – moving people forward. We must be an institution that exports optimism and impact.
Strengthening Collaboration to Maximize Development Impact
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Join World Bank President Ajay Banga and Interamerican Development Bank (IDB) President Ilan Goldfajn for an insightful discussion about strategic and collaborative approaches in a world faced with complex challenges.
Strengthening Collaboration to Maximize Development Impact
Thursday, August 31
10:00-10:30 am EDT (local time)
Mission to Rewrite World Bank Group Playbook Advances with Banga’s Global Tour
WASHINGTON, June 8, 2023—The World Bank Group announced today a months-long global tour for new president Ajay Banga, an early step in his mission to write a new playbook for the 78-year-old institution.
Between now and December 2023, Banga will visit multiple countries in every region where the World Bank Group operates. During the impact-focused tour, Banga will work to reimagine strategic partnerships with other multilateral banks and development organizations, work to identify barriers for private sector investment, deepen the relationships between the World Bank Group and the countries it serves, and identify opportunities to maximize impact through knowledge, financing, and technical assistance.
Food Security Update | World Bank Response to Rising Food Insecurity
WASHINGTON, May 3, 2023 – The Executive Directors of the World Bank today selected
Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.
Empowering Women in the World
Empowering Women in the World | Voices : Submitted by Kristalina Georgieva (CEO World Bank )
When women do well, everyone benefits. Giving women access to better jobs and financial security are keys to ending poverty. Gender gaps harm the entire economy. We know that when women control the finances, they tend to spend money on the things that matter most – essential food and water, school fees and health care for the family. It’s amazing what small changes can do – a mobile money account opens up the ability to get small loans, buy insurance, and make payments. The World Bank is working to empower women around the world, supporting women entrepreneurs in Pakistan and supporting women and their families with cash cards in Lebanon.
To find out more tune in to my conversation with Ajay Banga, CEO of MasterCard at 11:25 on April 7. Our conversation is part of the Women in the World Summit.
Netherlands for the World Bank 
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