The World Bank has appointed Nobel laureate Michael Kremer as its next chief economist.

What it means

The World Bank has appointed Michael Kremer, a Nobel Prize-winning economist from the University of Chicago, as its next chief economist and senior vice president for development economics. He will succeed Indermit Gill, who retired. Kremer is renowned for pioneering experimental approaches to development economics, including the use of randomized controlled trials to test interventions against poverty.

Accuracy & sourcesSourced

The claim is solid: it is based directly on the World Bank's official press release (a primary source), and multiple major news outlets including Reuters are reporting the same details. There is no ambiguity or contradiction in the available sources.

How new

This is genuinely new news: the World Bank press release was published on September 16, 2026, and all coverage is from the same day.

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