A famous charitable organization has added Ajay Banga, the president of the World Bank, to its annual "Great Immigrants" list of honorees who have improved and bolstered America and its democracy by their efforts and deeds.

Banga, who assumed leadership of the World Bank in June 2023, is the first Indian American to hold that position. In this year's list of "Great Immigrants" by the Carnegie Corporation of New York, he is the only honoree from India.

The 63-year-old Banga is anticipated to introduce revolutionary ideas at the World Bank to combat poverty and address climate change, creating possibilities for people all over the world. Banga has over 30 years of experience in important roles.

During a fireside chat, Carnegie said Banga offered some reflections on how diversity helped him succeed as a leader: "At the end of the day, if you surround yourself with people who look like you, who walk like you and talk like you, and grew up in the same places you did and worked with you in your prior jobs, then you will have a sense of comfort of hiring people around you who have that familiarity. But you will also have the same blind spots. You will miss the same trends. You will miss the same opportunities."

Banga began his career in India, working for Nestle India for 13 years and PepsiCo for two. He joined Citigroup in 1996 and rose to become CEO of the Asia-Pacific region.

After relocating to the US, Banga spent 12 years leading Mastercard as president and CEO before being named executive chairman. Under his direction, Mastercard established the Centre for Inclusive Growth, which promotes global financial inclusion and equitable and sustainable economic growth, according to sources.