Bond.az – World Bank's chief economist Indermit Gill will retire at the end of August, according to a staff memo from Bank President Ajay Banga.
Banga said the process to appoint Gill's successor will begin soon.
Gill, who holds a PhD from the University of Chicago, became chief economist and senior vice president for development economics in 2022. Previously, he was the World Bank's vice president for equitable growth, finance, and institutions.
According to Banga, Gill played a key role in promoting transparency through data, focusing on debt transparency, sustainability, and restructuring for low- and middle-income countries.
Banga noted: "His leadership elevated research on small states, low-income countries, industrial policy, climate resilience, and public finance, and helped bring that work into global policy conversations through stronger partnerships with think tanks in Rome and Tokyo."
