World Bank appoints financial crisis expert as new chief economist

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World Bank appoints financial crisis expert as new chief economist

May 21, 2020 11:45 IST

The World Bank on Wednesday named former Bear Stearns executive Carmen Reinhart as its new vice president and chief economist. Reinhart is a Harvard University professor who specialises in international financial crises and economic meltdowns. Her appointment is considered to boost the World Bank's efforts to help protect low-income countries and emerging markets from the market turmoil caused by the Covid-19 pandemic.

Economy