Nick Stern, professor at the London School of Economics and former chief economist at the European Bank for Reconstruction and Development will succeed Joseph Stiglitz as World Bank chief economist. The Bank’s staff association complained that this appointment violated the Bank’s rule that close relatives of existing staff cannot be appointed. His brother Richard Stern is Bank head of Human Resources.
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This factsheet explains how the International Finance Corporation (IFC) operates, how development impact is measured, and the latest trends in investments by sector, region and instrument.
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