World Bank has appointed Indian national Indermit Gill as its Chief Economist and Senior Vice President for Development Economics.
Gill will succeed American economist Carmen Reinhart in the role and his appointment will be effective 1 September 2022.
Gill is currently Vice President for Equitable Growth, Finance, and Institutions, where he led work on macroeconomics, debt, trade, poverty, and governance. Between 2016 and 2021, he was a professor of public policy at Duke University and non-resident senior fellow in the Global Economy and Development program at the Brookings Institution.
Gill has also taught at Georgetown University and the University of Chicago. A student of Nobel Laureates Gary Becker and Robert E.
Lucas Jr., Gill holds a Ph. D. in economics from the University of Chicago.
Announcing his appointment, World Bank President David Malpass said, Gill brings to this role a combination of leadership, invaluable expertise and practical experience working with country governments on macroeconomic imbalances, growth, poverty, institutions, conflict, and climate change. Indermit is widely respected for his intellectual contributions to development economics”.
Gill will be only the second Indian to serve as chief economist at the international financial institution after Kaushik Basu, who was Chief Economist of the World Bank from 2012 to 2016.
Powered by Capital Market – Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.