CURRENT AFFAIRS

Detailed explanation-1: -NEW DELHI, August 1, 2022-Auguste Tano Kouamé is the World Bank’s Country Director for India, effective today. He replaces Junaid Kamal Ahmad who recently completed a five-year term.

Detailed explanation-2: -Although the board of governors has some influence on IBRD policies, actual decision-making power is wielded largely by the bank’s 25 executive directors. Five major countries-the United States, Japan, Germany, the United Kingdom, and France-appoint their own executive directors.

Detailed explanation-3: -Joergen Frotzler, a Swedish national, serves as the World Bank Group Alternate Executive Director representing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden.