🌍 Nobel Laureate Michael Kremer Appointed as World Bank Chief Economist

The World Bank Group has appointed Nobel laureate Michael Kremer as its new Chief Economist and Senior Vice President for Development Economics, effective October 1, 2026. • Key Leadership Role: Kremer will lead the World Bank's global research, data, and analytical agenda, focusing on translating evidence-based research into scalable development solutions. • Priority Focus Areas: • Addressing global employment challenges, particularly job creation for over 1.2 Bn young people entering the workforce over the next decade. • Unlocking private capital and deploying digital technologies (including AI-based solutions) to drive economic growth and productivity. • Strengthening core development sectors including agriculture, health, education, and water. • Proven Impact: Jointly awarded the 2019 Nobel Prize in Economics for experimental approaches to poverty alleviation, Kremer's previous research has driven major global initiatives: • Helped launch a US$ 1.5 Bn Advance Market Commitment (AMC) for vaccines, reaching 60 developing nations. • Informed mass health programs providing over 2 Bn deworming treatments to children across Africa and South Asia since 2014. • Developed digital agriculture and AI weather forecasting tools reaching over 50 Mn smallholder farmers across South Asia and Africa.