Rakesh Mohan Joins World Bank's Elite Economic Advisory Panel

Rakesh Mohan's Illustrious Career

• Former Deputy Governor of the Reserve Bank of India (RBI)
• Currently serving as the President Emeritus and Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), a New Delhi-based think tank
• Part-time member of the Prime Minister's Economic Advisory Council

Key Positions Held:

• Executive Director on the board of the International Monetary Fund (IMF)
• Economic Affairs Secretary and Chief Economic Adviser in the Indian Finance Ministry
• Economic Adviser in the Industry Ministry
• Senior Fellow at the Jackson Institute for Global Affairs, Yale University
• Professor in the Practice of International Economics and Finance at the Yale School of Management (2010-2012)

Appointment to the World Bank's Economic Advisory Panel

• The World Bank Group has appointed Rakesh Mohan as a member of its prestigious Economic Advisory Panel
• The panel will be chaired by Lord Nicholas Stern, the IG Patel Professor of Economics and Government at the London School of Economics
• World Bank Group Chief Economist Indermit Gill will co-chair the panel

Objectives and Responsibilities of the Economic Advisory Panel

• The panel will focus on strategic issues for the World Bank Group in relation to their objectives, research agenda, and actions
• It will provide advice and guidance to the World Bank on key issues related to their research and policy outputs
• Each panel member, including Rakesh Mohan, will serve for a term of two years

Significance of Rakesh Mohan's Appointment

• Rakesh Mohan's extensive experience and expertise in international economics and finance make him a valuable addition to the World Bank's Economic Advisory Panel
• His deep understanding of the Indian economy and policymaking, combined with his global exposure, will provide the World Bank with valuable insights and perspectives
• This appointment underscores Mohan's reputation as a leading authority in the field of economics and finance, both within India and internationally

Potential Impact and Implications

• Rakesh Mohan's participation in the World Bank's Economic Advisory Panel will likely contribute to shaping the Bank's strategic direction and research agenda
• His advice and guidance may help the World Bank better address pressing global economic challenges and support sustainable development initiatives
• This appointment also strengthens India's representation and influence in the decision-making processes of major international financial institutions
• It could pave the way for further collaboration between India and the World Bank, fostering knowledge-sharing and the development of mutually beneficial policies

In conclusion, Rakesh Mohan's appointment to the World Bank's Economic Advisory Panel is a testament to his distinguished career and recognized expertise in the realm of international economics and finance. This prestigious role will enable him to contribute his insights and experience to the World Bank's efforts in addressing global economic issues and supporting the development agenda, ultimately enhancing India's engagement with the world's leading multilateral financial institution.