Indermit Gill appointed Chief Economist of World Bank
In July 2022, the World Bank has appointed Indian citizen Indermit Gill as Chief Economist. Gill has replaced Carmen Reinhart for the position. Gill, an Indian citizen, is the second Indian to be appointed
to the post. Prior to this, Kaushik Basu has held this post from 2012 to 2016. It is to be noted that Gill's appointment to this post will be effective from September 1, 2022.
Gill has been made Chief Economist as well as Senior Vice President of Development Economics. Gill is
currently Vice President for Equitable Growth, Finance, and Institutions, at the World Bank. From 2016 to 2021, he was Professor of Public Policy at Duke University
and a Non-Resident Senior Fellow in the Global Economy and Development Program at Brookings Institution.
He is a student of Nobel laureates Gary Baker and Robert E. Lucas Jr. Gill has wide practical experience
of working with country governments on economic
imbalance, development, poverty, conflict and climate change etc.
He is widely recognized for his intellectual contributions to development economics. Gill led the influential 2009 World Development Report on Economic Geography.
His pioneering work includes the concept of middle income trap. Hehas published extensively on policy
issues facing developing countries, sovereign debt, green development, labor markets, poverty and inequality, and the management of natural resource
wealth. Significantly, Raghuram Rajan and Gita Gopinath have served as chief economists at the International Monetary Fund, an affiliate of the World Bank.