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The World Bank has appointed Kaushik Basu as its Chief Economist and Senior Vice-President.
He will begin his term on October 1, World Bank Group President Jim Yong Kim said in a statement.
Basu replaces Justin Yifu Lin. Prior to this appointment, he was Chief Economic Advisor in India’s Finance Ministry till July.
He holds a PhD from the London School of Economics.
“Having worked in the Ministry of Finance, in addition to his impressive academic achievements, Kaushik is uniquely suited to help us offer evidence-based solutions and advise to client countries and provide innovative excellence in leading our development research,” Kim said.
Basu had founded the Centre for Development Economics at the Delhi School of Economics in 1992.
He has published widely and his contributions to the field span development economics, welfare economics, industrial organisation and public economics.
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