The World Bank's 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2.
The Indian-born finance and development expert will be tasked with revamping the lender to tackle climate change and other global crises.
Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury official during the Trump administration.
"Ajay Banga will be a transformative leader, bringing expertise, experience, and innovation to the position of World Bank President," Biden said in a statement.
"Ajay will also be integral in bringing together the public and private sectors, alongside philanthropies, to usher in the fundamental changes in development finance that this moment requires," he added.
An Israeli airstrike killed a Palestinian man in the Gaza Strip on Sunday, health authorities said, as Israel and Hamas traded blame for daily violations of a fragile truce that has largely halted two years of war.
British police said on Sunday that a knife attack on a train which put 11 people in hospital was not a terrorist incident, adding that two men - both British nationals - had been arrested.
Israeli Prime Minister Benjamin Netanyahu warned on Sunday that Hezbollah was seeking to rearm and that Israel would exercise its right to self-defence under last year's ceasefire accord if Lebanon failed to disarm the group.
Russian air attacks on Ukraine killed two people overnight and left tens of thousands more - and the entire eastern Donetsk region - without power, Ukrainian officials said on Sunday.
The death toll from a landslide in western Kenya's Rift Valley has risen to 22, a government spokesperson said on Sunday, following heavy rains on Saturday.
At least 23 people were killed when an explosion triggered a fire inside a department store in Hermosillo, the capital of Sonora state in northwestern Mexico, according to local media reports on Saturday.
A Ukrainian drone attack damaged at least two foreign vessels and the oil terminal infrastructure at Russia's key Black Sea port of Tuapse on Sunday, as Kyiv tries to undermine Russia's war effort by targeting its energy infrastructure.
Tanzania's electoral commission declared on Saturday that President Samia Suluhu Hassan had won, with nearly 98 per cent of the votes, an election that set off violent protests across the country this week.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Israeli strike kills one in Gaza as sides trade blame for truce violations
UK police say mass stabbing on train not terrorist incident, two arrested
Israel urges Lebanon to disarm Hezbollah under ceasefire terms
Russian attacks on Ukraine kill two
Kenya landslide death toll rises to 22
Fire at store in northwestern Mexico leaves at least 23 dead
Ukrainian drone strike hits key Russian oil port
Tanzania's Hassan declared landslide winner in election marred by violence
