Carmen Reinhart Appointed as World Bank Group Chief Economist

Must Read

2020 Brand Africa 100: These are the 10 most admired brands in Africa

NIKE RETAINS #1 IN AFRICA FOR THIRD YEAR IN A ROW AFRICAN BRANDS DROP BY OVER 60% IN...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Lagos Announces Partial Closure of Marine Beach for Repairs

The Lagos State Government has announced the partial closure of Marine Beach Bridge by Total Gas, inwards Apapa for...
Carmen Reinhart Appointed as World Bank Group Chief EconomistCarmen Reinhart Appointed as World Bank Group Chief Economist

World Bank Group President David Malpass today announced that Carmen Reinhart has been appointed as the new Vice President and Chief Economist of the World Bank Group.

“I am very pleased to welcome Carmen to the World Bank Group as we boost our efforts to restore growth and meet the urgent debt and recession crises facing many of our client countries,” said Malpass. “Carmen has dedicated her career to understanding and surmounting financial crises in both advanced and developing economies in order to achieve growth and higher living standards. Her thought leadership during this unprecedented period will be invaluable to the Bank Group and our clients.”

An American economist with a PhD from Columbia University, Reinhart is currently the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Previously, she was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Professor of Economics and Director of the Center for International Economics at the University of Maryland.

“Carmen Reinhart will be an excellent addition to the World Bank’s strong leadership team,” said Mari Pangestu, Managing Director of Development Policy and Partnerships“Carmen has the demonstrated ability to leverage research for impact. I am confident she will help us bring quality programs and outcomes for our client countries, where so many are being hard-hit by the ongoing crisis.”

Read Also:  A Map Of Inequality In Countries
- Advertisement -

Reinhart’s areas of expertise are international capital flows, finance, and macroeconomics, and she has published extensively on economies in Asia and Latin America, banking and sovereign debt crises, currency crashes, and contagion. She is an advisor and contributor to the ongoing World Bank debt transparency discussions and a member of the external advisory group created by the IMF to provide input on policy challenges, including the coronavirus pandemic and its economic impact.

Carmen was Senior Policy Advisor and Deputy Director at the IMF and Vice President and Chief Economist of the investment bank Bear Stearns.  She serves on the Advisory Panel of the Federal Reserve Bank of New York and was a member of the Congressional Budget Office Panel of Economic Advisors.

Ranked among the top Economists worldwide based on publications and scholarly citations, Reinhart has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy’s Top 100 Global Thinkers, and Thomson Reuters’ The World’s Most Influential Scientific Minds.  In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE’s Adam Smith Award, among others.

Read Also:  NAHCON Defends 2019 Budget Proposal of N1.49 billion

Reinhart’s appointment is effective on June 15, 2020.

- Advertisement -
Carmen Reinhart Appointed as World Bank Group Chief EconomistCarmen Reinhart Appointed as World Bank Group Chief Economist

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Carmen Reinhart Appointed as World Bank Group Chief EconomistCarmen Reinhart Appointed as World Bank Group Chief Economist

Latest News

Nigeria’s GDP Grew By 1.87% in Q1 2020 amid global challenges

In the first quarter of 2020, Nigeria's Gross Domestic Product (GDP) grew by 1.87%(year-on-year) in real terms. This performance...

The Funny Circle of Basic Economics

It is an employers priority to pay the lowest salary possible to an employee for a particular role. It is also an employees...

2020 Brand Africa 100: These are the 10 most admired brands in Africa

NIKE RETAINS #1 IN AFRICA FOR THIRD YEAR IN A ROW AFRICAN BRANDS DROP BY OVER 60% IN 10 YEARS DANGOTE AND MTN...

Weird Facts On Some World-Class Celebrities

Keanu Reeves First on the list is Keanu Reeves where Neo (The Matrix) and Babayega (The Boogeyman) comes to mind. You better don't mess with...

Gov. Ishaku, USAID Sign New MoU to Improve Water Supply in Taraba

Taraba State Governor, Arc. Darius Dickson Ishaku, and USAID effective water supply and sanitation services E-WASH has signed a Memorandum of Understanding (MoU) to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Carmen Reinhart Appointed as World Bank Group Chief EconomistCarmen Reinhart Appointed as World Bank Group Chief Economist