Dubai, Sept 19: The World Bank's new chief economist will be the Frenchman Francois Bourguignon, who replaces his British colleague Nicholas Stern, a senior world bank official said today on the sidelines of its annual meeting here. Bourguignon, 58, is currently research director at the development bank and his official appointment should be made next week, the official added, speaking on condition of anonymity.
Stern is leaving the World Bank to take up a post within the British Treasury, where he will become second permanent secretary.
Stern joined the World Bank in July 2000 to replace his flamboyant and controversial predecessor as chief economist, the Nobel prize winner Joseph Stiglitz.
Alongside the World Bank, Bourguignon has held posts at France's National Research Centre the CRNS as well as at the Organisation for Economic Cooperation and Development. Bureau Report