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The World Bank Group has appointed Harvard Professor, Carmen Reinhart, as its new Vice President and Chief Economist.
    
An American economist with a Ph.D. from Columbia University, Reinhart is currently the Minos A. Zombanakis Professor of the International Financial System at Harvard University’s Kennedy School. Her areas of expertise are international capital flows, finance, and macroeconomics, and she has published extensively on economies in Asia and Latin America, banking and sovereign debt crises, currency crashes, and contagion.
    
“I am very pleased to welcome Carmen to the World Bank Group as we boost our efforts to restore growth and meet the urgent debt and recession crises facing many of our client countries,” said World Bank President David Malpass. “Carmen has dedicated her career to understanding and surmounting financial crises in both advanced and developing economies in order to achieve growth and higher living standards. Her thought leadership during this unprecedented period will be invaluable to the Bank Group and our clients.”
    
Reinhart’s appointment is effective on June 15, 2020.