(November 25 – 16:10 ET) – Joseph Stiglitz, chief economist and senior vice president, at the World Bank is leaving at the end of the year. He’s returning to research and teaching, although he will maintain an advisory role with Bank.
Stiglitz has been with the Bank since February 1997 after a distinguished career in academia and government in the U.S. He served on the president’s Council of Economic Advisers, including stint as chairman, from 1993-1996.He has worked as a professor at Yale, Oxford, Stanford and Princeton. He has a Ph.D. from the Massachusetts Institute of Technology in 1966.
“Joe has an extraordinary mind,” says World Bank president James Wolfensohn. “He joined the Bank a year and a half into a major change process designed to move us closer to our clients, away from the so-called Washington Consensus, and to apply a comprehensive approach to development putting social justice, equity and the fight against poverty at the heart of the Bank’s agenda.”
” In the three years that Joe has been with us, he has contributed greatly to that endeavor. It is for that reason that I have asked him to remain as a special adviser to me, and to head the search committee which will look for his successor. I am delighted that Joe has agreed to do both. We will miss him greatly, but we will carry on with the work begun five years ago to transform the development business as we know it.”
-IE Staff
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