Doubts about chief economist appointment

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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Published: 15 April 2000 , last edited: 12 August 2003

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CounterBalance, a new European coalition of development and environmental non-governmental organisations formed specifically to challenge the European Investment Bank (EIB), has launched its website. The EIB is the world's largest public lender. Find out more about it from CounterBalance.