World Bank has appointed Indian national Indermit Gill as its Chief Economist and Senior Vice President for Development Economics.

Mr Gill will succeed American economist Carmen Reinhart in the role and his appointment will be effective September 1, 2022. Mr Gill is currently Vice President for Equitable Growth, Finance, and Institutions, where he led work on macroeconomics, debt, trade, poverty, and governance.

Announcing his appointment, World Bank President David Malpass said, “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, he added.

Mr Gill will be only the second Indian to serve as chief economist at the international financial institution after Kaushik Basu, who was Chief Economist of the World Bank from 2012 to 2016.

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