India's Indermit Gill appointed Chief Economist of World Bank
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The World Bank has appointed Indian citizen Indermit Gill as its Chief Economist and Senior Vice President of Development Economics.
Gill will replace American economist Carmen Reinhart and his appointment will be effective from September 1, 2022.
Gill is currently Vice President of Equitable Development, Finance and Institutions, where he led work on macroeconomics, credit, trade, poverty and governance.
Gill will be the second Indian to serve as the Chief Economist at the World Bank. Kaushik Basu was the first Indian to hold the position from 2012-2016.
Raghuram Rajan and Gita Gopinath have served as chief economists at the International Monetary Fund, a subsidiary of the World Bank.
Between 2016 and 2021, Gill was Professor of Public Policy at Duke University and a 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.
Gill holds a PhD in Economics from the University of Chicago.
Gill holds an MA from Delhi School of Economics and a BA (Hons) in Economics from St Stephen's College, University of Delhi.
About World Bank
The International Bank for Reconstruction and Development and the International Monetary Fund were established together in 1944 during the Bretton Woods Conference in New Hampshire, USA.
The International Bank for Reconstruction and Development is also called the World Bank.
At present, 189 countries are members of the World Bank.
Its headquarter is in Washington DC, the capital of America.
The World Bank Group is a group of the following five international organisations that provide economic-financial assistance and financial advice to member countries-
International Bank for Reconstruction and Development
International Finance Corporation
international development association
International Centre for Settlement of Investment Disputes
Multilateral Investment Guarantee Agency
President- David Malpass
CEO- Anshula Kant
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