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Indermit Gill to be 2nd Indian to become World Bank chief economist after Kaushik Basu

Indermit Gill's tenure as the chief economist of World Bank will start from September 1, 2022

July 26, 2022 / 06:47 IST
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World Bank economist Indermit Gill (AFP file image)

Indermit Gill will be the second Indian, after Kaushik Basu, to become the chief economist of World Bank, the international financial institution that grants loan to middle and lower-income countries.

Basu had presided over the key position at the World Bank between 2012 and 2016. Two other prominent Indian economists - Raghuram Rajan and Gita Gopinath - have served as the chief economists of the International Monetary Fund (IMF), an entity linked closely to the World Bank.

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Gill's tenure will start from September 1, 2022, the World Bank said in a press release issued on July 21.

“Indermit 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,” World Bank President David Malpass had said.