World Bank Names Michael Kremer Chief Economist
The World Bank has appointed Nobel laureate Michael Kremer as its next chief economist. Kremer takes over the role on October 1, bringing extensive experience in global poverty reduction and innovative development solutions.
The World Bank named Nobel laureate Michael Kremer as its next chief economist on Wednesday, filling the post ahead of annual meetings in Thailand. Kremer brings a background in experimental poverty alleviation to the lender's top research post. The appointment comes as developing economies face rising interest rates and a 23% drop in official development assistance.
