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World Bank President Ajay Banga works at his desk at the World Bank Headquarters in Washington, DC, on January 3, 2024. The World Bank is working to slash how long it takes to get projects off the ground as part of a push to both speed up and scale up the 79-year-old development lender, its president told AFP on January 3.
It currently takes 27 months, on average, before “the first dollar goes out the door”, Ajay Banga said in an interview from his light-filled office in Bank's headquarters close to the White House in Washington. (Photo by Jim Watson/AFP Photo)
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