Kaushik Basu appointed as new chief economist and senior vice president of the World Bank.
The World Bank on Wednesday named Indian national Kaushik Basu as the institution’s new chief economist and senior vice president. Basu replaced Justin Yifu Lin of China as the Chief economist of World Bank.
Kaushik Basu most recently served as chief economic adviser of the India’s Ministry of Finance while on leave from Cornell, where he was an economics professor and the C. Marks Professor of International Studies.
“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,” said World Bank President Jim Yong Kim.