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Former Chief Economists

Justin Yifu Lin
François Bourguignon
Sir Nicholas H. Stern
Joseph E. Stiglitz
Michael Bruno
Lawrence Summers
Stanley Fischer
Anne Krueger
Hollis B. Chenery

Justin Yifu Lin (2008 - 2012) - Justin Yifu Lin served as the Chief Economist and Senior Vice President of the World Bank from June 2008 to June 1, 2012. Mr. Lin is the World Bank’s first chief economist from a developing country. Prior to joining the Bank, Mr. Lin served for 15 years as Founding Director and Professor of the China Centre for Economic Research (CCER) at Peking University.Mr. Lin received his PhD in economics from the University of Chicago in 1986 and is the author of 18 books, including The China Miracle: Development Strategy and Economic Reform and Economic Development and Transition: Thought, Strategy, and Viability. He has published more than 100 articles in refereed international journals and collected volumes on history, development, and transition. In 2007, he gave the Marshall Lectures at Cambridge; and in 2011, the Simon Kuznets Lecture at Yale and the UNU Wider Annual Lecture in Mozambique, the first ever to be held in a developing country.. More...

François Bourguignon (2003 - 2007) - François Bourguignon served as Chief Economist of the World Bank and Senior Vice President, Development Economics from October 6, 2003 to October 22, 2007, (when he succeeded Nicholas Stern). During his tenure as Chief Economist, Bourguignon was instrumental in drawing attention to the important role of equity in development. His legacy also includes "Meeting the Challenges of Global Development", a paper produced in October 2007 as the result of the World Bank Group's Long Term Strategy Exercise, which he led. Bourguignon also started the World Bank's Development Impact Evaluation Initiative (DIME), which focuses on results assessment. Another significant contribution was his commissioning of a comprehensive external evaluation of World Bank research conducted between 1998 and 2005. He moved on to become Director of the Paris School of Economics. More...

Sir Nicholas H. Stern (2000 - 2003) - Nicholas H. Stern was the World Bank Chief Economist and Senior Vice President, Development Economics from July 2000 to October 2003, when he joined the UK government as Second Permanent Secretary and Managing Director, Budget and Public Finances, and Head of the Government Economic Service. During his tenure at the Bank, Stern helped to shape the Bank's poverty reduction strategy through is advocacy for two ideas: empowering people and improving the investment climate. He articulated these ideas in  A Strategy for Development, a collection of speeches during his first year as chief economist. These ideas also subsequently influenced two World Development Reports,  Making Services Work for Poor People, (WDR 2004) and  A Better Investment Climate for everyone (WDR 2005).  More

Joseph E. Stiglitz (1997-2000)
- Joseph Stiglitz served as World Bank Senior Vice President and Chief Economist between February 1997 and February 2000.
 Joseph E. Stiglitz was born in Gary, Indiana in 1943. A graduate of Amherst College, he received his PHD from MIT in 1967, became a full professor at Yale in 1970, and in 1979 was awarded the John Bates Clark Award, given biennially by the American Economic Association to the economist under 40 who has made the most significant contribution to the field. He has taught at Princeton, Stanford, MIT and was the Drummond Professor and a fellow of All Souls College, Oxford. He is now University Professor at Columbia University in New York. In 2001, he was awarded the Nobel Prize in economics.He was a member of the Council of Economic Advisors from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. More


Michael Bruno (1993 - 1996) - Michael Bruno was appointed Vice President, Development Economics and Chief Economist, replacing Lawrence Summers, who left the Bank in January 1993.

Lawrence Summers (1991 - 1993) - Mr. Summers took leave from Harvard in 1991 to return to Washington, this time as vice president of development economics and chief economist of the World Bank. In that position, he played a key role in designing strategies to assist developing countries, served on the bank's loan committee, and guided the bank's research, statistics, and external training programs. His research featured an influential report demonstrating the very high return on investing in educating girls in developing countries. In 1993, Mr. Summers was named as the nation's undersecretary of the treasury for international affairs. More

Stanley Fischer (1988 - 1990) - From January 1988 to August 1990 Stanley Fischer served as Vice President, Development Economics and Chief Economist at the World Bank. He served as First Deputy Managing Director of the International Monetary Fund from September 1994 to August 2001 and as Special Adviser to the Managing Director from September 1, 2001 until January 31, 2002. More

Anne Krueger (1982-1986) - Anne O. Krueger from 1982 to 1986, was the World Bank's Vice President for Economics and Research and has been the First Deputy Managing Director of the International Monetary Fund since September 1, 2001. More

Hollis B. Chenery (1972 - 1982) - Hollis B. Cheneryfirst served as Economic Adviser to President McNamara from 1970 to 1972, then was personally chosen by him to serve as Vice President for Development Policy. His pre-Bank experience was a Marshall Plan economist in Europe, assistant administrator at USAID, then professor of economics at Stanford and Harvard. More...



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