The German government supports the United States' nomination of Ajay Banga for president of the World Bank, German Finance Minister Christian Lindner said on Friday in the context of a G20 finance leaders meeting in the Indian city of Bengaluru.

U.S. President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the private sector and emerging markets will jump-start the 77-year-old institution's overhaul to better address climate change. (Reporting by Christian Kraemer, Writing by Maria Martinez, Editing by Miranda Murray)