![The scene outside the World Bank and IMF headquarters in the spring of 2022](/content/images/size/w1304/2023/02/world-bank-imf-spring-meetings-2022.jpg)
Biden picks former Mastercard CEO to replace the World Bank's leader
As the largest shareholder in the World Bank, the United States traditionally nominates candidates for a five-year term as president. They are vetted by the bank’s executive board.