The World Bank's 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2.
The Indian-born finance and development expert will be tasked with revamping the lender to tackle climate change and other global crises.
Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury official during the Trump administration.
"Ajay Banga will be a transformative leader, bringing expertise, experience, and innovation to the position of World Bank President," Biden said in a statement.
"Ajay will also be integral in bringing together the public and private sectors, alongside philanthropies, to usher in the fundamental changes in development finance that this moment requires," he added.
Russia has opened a criminal case against Ukrainian President Volodymyr Zelenskiy and put him on a wanted list, the state news agency TASS reported on Saturday, citing the Interior Ministry's database.
The death toll from rains in Brazil's southernmost state of Rio Grande do Sul rose to 56, local authorities said on Saturday morning, while dozens still have not been accounted for.
Hamas has said it is sending a delegation to Cairo on Saturday to discuss a deal for a truce and the release of hostages in Gaza, hours after US CIA Director William Burns arrived in the Egyptian capital, according to Egyptian sources.
NATO's four-month long military exercises near Russia's borders, known as Steadfast Defender, are proof the alliance is preparing for a potential conflict with Russia, a spokeswoman for Russia's Foreign Ministry said on Saturday.
Students at Trinity College Dublin protesting Israel's war in Gaza have built an encampment that forced the university to restrict campus access on Saturday and close the Book of Kells exhibition, one of Ireland's top tourist attractions.