Key facts
- Neelkanth Mishra appointed as Executive Director at the World Bank.
- Mishra is an economist and was previously associated with Axis Bank.
- The Appointments Committee of the Cabinet cleared the appointment.
- Incumbent Parameswaran Iyer's tenure has been extended until Mishra takes charge.
The Appointments Committee of the Cabinet in India has approved the appointment of economist Neelkanth Mishra as the new Executive Director at the World Bank headquarters. Mishra, who previously held a position at Axis Bank, will assume his new responsibilities following the extension of the current incumbent Parameswaran Iyer's tenure. Iyer's term will continue until Mishra officially takes over his role at the international financial institution.