Tag: Kaushik Basu

• Wednesday, September 9th 2015 - 07:45 UTC

  World Bank calls on the Fed to delay raising rates fearing 'panic and turmoil' in emerging markets

  

  The international economics establishment has stepped up pressure on the Federal Reserve to delay raising interest rates, with the World Bank the latest institution to warn that the US central bank risks sparking “panic and turmoil” in emerging markets if it increases rates next week.

• Saturday, September 8th 2012 - 06:41 UTC

  Indian national named World Bank chief economist senior Vice-president

  

  World Bank Group President Jim Yong Kim announced the appointment of Indian national Kaushik Basu as the institution’s new Chief Economist and Senior Vice President.