The World Bank has appointed Indermit Gill, an Indian citizen, as chief economist and vice president for development economics at the multilateral development bank.
“Indermit Gill brings to this role a combination of leadership, invaluable expertise and hands-on experience working with country governments on macroeconomic imbalances, growth, poverty, institutions, conflict and climate change,” World Bank President David Malpass said in a statement.
His appointment is effective September 1, 2022.
Gill will be only the second Indian to serve as chief economist at the World Bank. Kaushik Basu was the first to serve from 2012 to 2016. Raghuram Rajan and Gita Gopinath were chief economists at the International Monetary Fund, the sister organization of the World Bank.
In a Twitter post, Gill said Carmen Reinhart, the bank’s former chief economist, left big shoes to fill. “I’m honored to be following in their footsteps,” he tweeted.
.@carmenmreinhart left big shoes to fill. I am honored to be able to follow in their footsteps. I start on September 1st as @World Bank Chief Economist and Senior Vice President for Development Economics. https://t.co/cDcMN5JLew
— Indermit Gill (@IndermitGill) July 21, 2022
Gill is widely respected for his intellectual contributions to development economics. Gill led the influential 2009 World Development Report on Economic Geography. His pioneering work includes introducing the concept of the “middle income trap” to describe how developing countries stagnate after reaching a certain income level. He has published widely on developing world policy issues, public debt, green growth, labor markets, poverty and inequality, and stewardship of natural resource wealth.
Gill, currently the Bank’s vice president for equitable growth, finance and institutions, leads work on macroeconomics, debt, trade, poverty and governance. From 2016 to 2021 he was 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 received her PhD in economics from the University of Chicago. He also holds an MA from the Delhi School of Economics and a BA (Honours) in Economics from St. Stephen’s College, University of Delhi.
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