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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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, and the Bretton Woods Bulletin, an online update of news and action on the institutions.
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