Kaushik Basu Appointed Chief Economist of World Bank
Kaushik Basu — the image was hosted by the publisher and was not captured.WORLD Bank has announced the appointment of Kaushik Basu as its new Chief Economist and Senior Vice President.
Basu was till recently Chief Economic Adviser to the Government of India, Ministry of Finance, while on leave from his position as Professor of Economics at Cornell University.
World Bank President Jim Yong Kim said, "Kaushik brings first-hand experience from a developing country and will be a terrific asset to the institution. Having worked in a Ministry of Finance, in addition to his impressive academic achievements, Kaushik is uniquely suited to help us offer evidence-based solutions and advice to client countries and provide innovative excellence in leading our development research."
Basu, who holds a PhD from the London School of Economics, founded the Centre for Development Economics at the Delhi School of Economics in 1992 and is a founding member of the Madras School of Economics. He has held visiting professorial positions at Harvard University, the Institute for Advanced Study, Princeton University, the London School of Economics, and M.I.T.
Basu begins his job at the World Bank on October 1 2012.