World Bank Appoints Nobel Laureate Michael Kremer as Chief Economist
· Business · Reuters
The World Bank has officially named Nobel Prize-winning economist Michael Kremer as its next chief economist. Kremer is a professor at the University of Chicago and is widely recognized for his experimental approach to development economics. He will lead the institution's research and analytical efforts, succeeding the outgoing chief economist. The appointment follows a global search to fill the high-level role at the Washington-based development lender. Kremer previously received the Nobel Memorial Prize in Economic Sciences in 2019 for his work on poverty alleviation.
Why it matters
Kremer’s leadership will shape the World Bank’s research agenda and policy advice for developing nations, directly influencing global poverty reduction strategies and international development funding.
Read the original report — Reuters
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