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World Bank's Banga: Availability of capital 'not really an issue' as AI demand drives up borrowing costs

CNBC World •
October 27, 2026 • 12:11 PM
• By Alex Harring
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World Bank President Ajay Banga came on CNBC's "Squawk Box" on Oct. 27, 2026.

World Bank's Banga: Availability of capital 'not really an issue' as AI demand drives up borrowing costs

World Bank President Ajay Banga joins CNBC's "Squawk Box" on Tuesday as economies across the globe grapple with the rise of artificial intelligence.

The financial institution, which was founded in 1944, aims to end poverty and support economic prosperity through global partnerships and funding. Before taking the top job at the bank, Banga was vice chair at General Atlantic and CEO of Mastercard .

This is a developing story. Please check back for more.

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