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The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community. DEC is the research and data arm of the World Bank. 

Under the leadership of the Senior Vice President and Chief Economist, DEC pursues three main business lines:
Development Research (research and knowledge creation)

Development Prospects (global monitoring and projections)

Development Data (international statistics, statistical capacity building and results monitoring)


Chief Economist

The World Bank's Chief Economist, who is an internationally recognized Development Economics scholar, sets the Bank's research agenda and advises Bank Management on a wide range of development policy issues. He or she also advises policy makers on development challenges and helps to promote development issues within the broad development community.

Kaushik Basu is the Chief Economist and Senior Vice President of Development Economics, World Bank. He succeeds Justin Yifu Lin, who served as Chief Economist from 2003 to 2007.

Development Research

Visit the Research website for online access to 

  • Policy Research Working Papers and Policy Research Reports
  • Research projects and programs on several themes
  • Abstracts of current studies and evaluations of research.
  • The widely-read annual World Development Reports, produced each year by a team comprised of Bank staff and experts from outside the institution.

Development Prospects


Visit the Prospects for Development website for online access to 

  • Information, analysis, and advice on global trends in the world economy, especially on trade, financial flows, and commodity prices, and the impact of these trends on developing countries. 
  • Two annual flagship publications—Global Development Finance and Global Economic Prospectsuseful for a broad audience, including policymakers, academia, and the private sector.

Development Data


Visit the Data & Statistics website for online access to

  • High quality national and international statistics, disseminated through several media.
  • Collaborative work on new statistical methods, data collection activities, and statistical capacity-building programs.
  • Analytical and statistical work related to monitoring progress towards the Millennium Development Goals.
  • Extensive publication program including, World Development Indicators, Global Development Finance, Little Data Book, Little green Data Book and The World Bank Atlas.
  • Online databases

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