Kaushik Basu appointed World Bank chief economist

Discussion in 'Economy & Infrastructure' started by Zebra, Sep 6, 2012.

  1. Zebra

    Zebra Senior Member Senior Member

    Mar 18, 2011
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    WASHINGTON | Thu Sep 6, 2012 12:50am IST

    (Reuters) - The World Bank on Wednesday named Kaushik Basu as its chief economist, placing a candidate from an emerging market country in a key position at the global development lender.

    Basu, who was most recently chief economic adviser to the government of India, is the World Bank's second chief economist from a developing country. He replaces Justin Lin, a citizen of China, whose term expired on June 1.

    Basu, who holds a Ph.D. from the London School of Economics, is on leave from his position as a professor of economics and international studies at Cornell University in New York. He previously founded the Centre for Development Economics at the Delhi School of Economics.

    Emerging market countries have long pushed for more clout at the poverty-fighting World Bank and its sister institution, the International Monetary Fund......

    full story: Kaushik Basu appointed World Bank chief economist | Reuters
    LETHALFORCE and Singh like this.
  3. thakur_ritesh

    thakur_ritesh Administrator Administrator

    Feb 19, 2009
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    Land of the GODS - "Dev Bhomi".
    Thankfully his talent will be used at a much better, and more receptive place. Though, I was keenly waiting for October because he had committed big ticket reforms max by then, but then it's our short coming, we remained ever reluctant to use his services even a wee bit.

    All the best!

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