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Which person has recently become the new Chief Economist of the World Bank?
Sam Watson
Arkik David
Michael Kremer
Radson Moody
Michael Kremer
Nobel laureate Michael Kremer appointed as the new World Bank Group Chief Economist effective October 1, 2026.
World Bank Group President Ajay Banga announced the appointment of Michael Kremer to lead the institution's research, data, and analytical agenda. Kremer succeeds Indermit Gill, who retired from the position in August 2026. The appointment is aimed at addressing urgent global development challenges, including creating jobs for over 1.2 billion young people entering the workforce in the coming decade. Kremer is widely recognized for his experimental approach to alleviating global poverty.
The World Bank is an international financial institution headquartered in Washington, D.C., established at the 1944 Bretton Woods Conference alongside the IMF. Its primary mandate is to provide loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
Appointment Date: October 1, 2026
Predecessor: Indermit Gill
Nobel Prize: Economics Sciences (2019) awarded for experimental approach to poverty alleviation
Co-recipients of 2019 Nobel: Esther Duflo and Abhijit Banerjee
C is correct тАФ Michael Kremer was officially appointed as the World Bank Group Chief Economist and Senior Vice President for Development Economics starting October 1, 2026.
Remember that Michael Kremer shares a Nobel Prize history with Abhijit Banerjee; both are celebrated for 'Randomized Controlled Trials' in development economics, a key topic for UPSC static economics.
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