GENERAL17 Sept 2026
Michael Kremer named World Bank chief economist, to take charge on Oct 1
Michael Kremer is the new chief economist of the World Bank and takes charge on October 1. He won the 2019 Sveriges Riksbank Prize in Economic Sciences with Abhijit Banerjee and Esther Duflo for their experimental approach to reducing global poverty. For Indian businesses, this matters because World Bank research shapes development funding and advice. Watch his early comments on India.
Key Statutory Highlights
- Michael Kremer has been named the World Bank's chief economist.
- He will take charge of the role on October 1.
- He received the 2019 Sveriges Riksbank Prize in Economic Sciences jointly with Abhijit Banerjee and Esther Duflo for their experimental approach to alleviating global poverty.
Actionable Advice for Taxpayers / Founders:Keep an eye on World Bank announcements after October 1. If your business works on development projects or uses World Bank research, review any plans that reference it, and treat this as a leadership change to watch rather than a confirmed shift in policy or funding.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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