World Bank Re-Elects With Influential Harvard Professor …


Photo: Hollandse Hoogte / Peter Hilz

The World Bank has appointed Carmen Reinhart as the new chief economist. This means that the organization that was previously a man’s stronghold chooses a woman as its main expert for the second consecutive time.

The Harvard professor is considered an expert in the field of financial crises. World Bank President David Malpass believes that with her experience and insights, she can be invaluable in addressing the corona crisis.

In recent years, the World Bank, the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) have all opted for female chief economists. This had never happened before. At the time, this led to reports in international media that women would seize power in the financial world.

Earlier this year, Pinelopi Koujianou Goldberg stepped down as World Bank chief economist. She wanted to make time to teach at Yale University. The top position at the World Bank temporarily went to Aart Kraay. The World Bank has once again brought in an economist of stature with Reinhart. It has long been considered one of the most influential individuals and thinkers in the financial world.

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