[HIGHLIGHTS] Not surprisingly, U.S. candidate Ajay Banga becomes president of the World Bank

Ajay Banga has been elected president of the World Bank. He is expected to take office for a five-year term on June 2.

The American-Indian has assured to give priority to the fight against global warming and the reform of the WB. The U.S. decision to nominate Banga, who was born and raised in India, was anything but innocuous, as the US tries to move closer to the other Asian giant to counter Chinese influence in the region. He will now have the opportunity to move theory to practice.