Who is Indermit Gill, the 2nd Indian to become World Bank chief economist

3.) Gill worked at the World Bank from 1993 to 2016, where his assignments included Director of Development Policy in Development Economics, staff director for the 2009 World Development Report on Economic Geography, chief economist for Europe and Central Asia, acting chief economist for East Asia and the Pacific, and Principal Country Economist for Brazil.

4.) Indermit Gill has a PhD and AM in economics from the University of Chicago, an MA from the Delhi School of Economics, and a BA in economics from St. Stephen’s College, University of Delhi.

5.) His pioneering work includes introducing the concept of the “middle income trap” to describe how developing countries stagnate after reaching a certain level of income, the World Bank stated in its release.

6.) Gill has published extensively on policy issues facing developing countries, sovereign debt, green growth, labor markets, poverty and inequality, and managing natural resource wealth.

Announcing his appointment as the chief economist, World Bank President David Malpass had said said, "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.... Indermit is widely respected for his intellectual contributions to development economics”.

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