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Sunil Bharti Mittal Becomes Part of WBG's Private Sector Investment Lab to Support Growth in Developing Economies.

Appointment | Dated: 27 Apr 2025

On April 23, 2025, Washington, D.C., the United States of America (USA) based World Bank Group (WBG) announced the next phase of its Private Sector Investment Lab (PSIL), focusing on scaling solutions to attract private investments and generate jobs in developing nations.

🎯 Key Highlights:

  • - Sunil Bharti Mittal, Chairman of New Delhi (Delhi)-based Bharti Enterprises Limited (BEL), has joined the PSIL alongside global industry leaders, including Bill Anderson, Chief Executive Officer (CEO) of Germany-based Bayer AG; Aliko Dangote, President and CEO of Nigeria-based Dangote Group; and Mark Hoplamazian, President and CEO of USA-based Hyatt Hotels Corporation.

💡 Other Important Facts:

  • (i) Launched in June 2023, the PSIL is a collaborative initiative between the WBG and global private sector leaders.
  • (ii) It is chaired by Shriti Vadera, Chair of Prudential pic based in London, the United Kingdom (UK).

📚 Test Your Knowledge:

Who recently joined the World Bank Group's (WBG) Private Sector Investment Lab (PSIL) to support growth in developing economies?

Correct Answer: Sunil Bharti Mittal

🚀 Quick Recap:

About World Bank Group (WBG)

  • President: Ajay Banga
  • Headquarters: Washington, D.C., the United States of America (USA)