Nairobi, March 22 -- President Biden's nomination of Ajay Banga for the position of World Bank president is a sign of America's appreciation of the private sector's contribution to global policy formulation as well as impactful execution.

Banga's professional experience and upbringing have exceptionally prepared him for this role.

The World Bank's mission centres on two goals; ending extreme poverty and promoting shared prosperity.

In these, the destiny of a majority of the world's population at the bottom of the pyramid is given intentional focus.

What is required is a mindset that combines policy formulation with executive leadership, and deep knowledge of the realities that characterise the daily lives of the majority of people liv...