Homi Kharas

Last updated

Homi Kharas is a British economist who has been a senior fellow and deputy director for the global economy and development program at the Brookings Institution since 2005. [1]

Contents

Early life and education

Kharas gained his bachelor's degree from King's College, Cambridge in 1975. He gained his PhD in economics from Harvard University in 1980. [2]

Career

World Bank

From 1980, Kharas spent 26 years at the World Bank, serving for seven years as chief economist for the World Bank’s East Asia and Pacific region [3] and as director for poverty reduction and economic management, finance and private sector development. Along with Indermit Gill, he developed the novel concept of 'middle income traps'. [2]

From 1990 to 1991, Kharas was a senior partner with Jeff Sachs and Associates, advising governments in Eastern Europe and the Soviet Union on transition.

Brookings Institution

Kharas began his career at the Brookings Institution in 2005 at the Wolfensohn Center for Development, where he pioneered foreign aid reform analyses, measuring the volatility of aid, [4] quality of foreign aid, [5] new players in development, including individuals and foundations, and helped develop the center's strategy along that of the global economy and development program. Kharas is a recognized foreign aid expert and has advised donors, foundations and emerging/developing country governments on best practices in the area.

Kharas is principal investigator of several grants to Brookings, including the Bill & Melinda Gates Foundation sponsored, Ending Rural Hunger and Brookings Blum Roundtable.

He has served as the lead author and executive secretary of the secretariat supporting the High Level Panel, co-chaired by Ellen Johnson Sirleaf, Susilo Bambang Yudhoyono and David Cameron, advising United Nations Secretary General Ban Ki-moon on the Post-2015 Development Agenda (2012-2013). The report, “A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development [6] was presented on May 30, 2013, and served as the basis for Sustainable Development Goals discussions.

He has served as a member on the International Panel Review Committee on Malaysia’s economic and governance transformation programs (2012); the post-Busan Advisory Group to the Organisation for Economic Co-operation and Development's Development Assistance Committee co-chairs (2011); the National Economic Advisory Council to Prime Minister Najib Razak of Malaysia (2009–10); and a member of the working group for the Commission on Growth and Development, chaired by Professor A. Michael Spence (2007–10). [7] He was a non-resident fellow of the OECD Development Centre (2009). In June 2021, he was appointed to the World BankInternational Monetary Fund High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, co-chaired by Mari Pangestu, Ceyla Pazarbasioglu, and Nicholas Stern. [8]

Publications

Kharas has published articles, book chapters and opinion pieces on global development policy, global trends, the global food crisis, international organizations, the G20, the DAC and private philanthropy.

Books

Related Research Articles

<span class="mw-page-title-main">Extreme poverty</span> Condition characterized by severe deprivation of basic human needs

Extreme poverty is the most severe type of poverty, defined by the United Nations (UN) as "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services". Historically, other definitions have been proposed within the United Nations.

<span class="mw-page-title-main">James Wolfensohn</span> Australian-American Banker; Former President of World Bank

Sir James David Wolfensohn was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is credited with the focus on poverty alleviation and a rethink on development financing, earning him recognition as a banker to the world's poor. In his other roles, he is credited with actions that brought Chrysler Corporation back from the brink of bankruptcy, and also improving the finances of major United States cultural institutions, including Carnegie Hall and the Kennedy Center. He served two terms as President of the World Bank on the nomination of U.S. President Bill Clinton, and thereafter held various positions with charitable organizations and policy think-tanks including the Brookings Institution.

Aid effectiveness is the degree of success or failure of international aid. Concern with aid effectiveness might be at a high level of generality, or it might be more detailed.

<span class="mw-page-title-main">Ngozi Okonjo-Iweala</span> Nigerian economist (born 1954)

Ngozi Okonjo-Iweala is a Nigerian-American economist, who has been serving as the Director-General of the World Trade Organization since March 2021. Notably, she is the first woman and first African to lead the World Trade Organization as Director-General. She sits on boards of: Danone, Standard Chartered Bank, MINDS: Mandela Institute for Development Studies, Carnegie Endowment for International Peace, Georgetown Institute for Women, Peace and Security, One Campaign, GAVI: Global Alliance for Vaccines and Immunization, Rockefeller Foundation, R4D: Results for Development, ARC: African Risk Capacity and Earthshot Prize plus others.She also previously sat on the Twitter Board of Directors, and stepped down in February, 2021 in connection with her appointment as Director General of the World Trade Organization.

<span class="mw-page-title-main">Alicia Bárcena Ibarra</span> Mexican biologist

Alicia Isabel Adriana Bárcena Ibarra is a Mexican biologist who serves as the Secretary of Foreign Affairs of Mexico. She previously served as the Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) until 31 March 2022.

<span class="mw-page-title-main">Donald Kaberuka</span> Rwandan economist

Donald P. Kaberuka is a Rwandan economist and was the president of the African Development Bank from September 2005 until September 2015.

<span class="mw-page-title-main">William Easterly</span> American development economist

William Russell Easterly is an American economist, specializing in economic development. He is a professor of economics at New York University, joint with Africa House, and co-director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.

Johannes F. Linn is executive director of the Wolfensohn Center for Development and senior fellow of the Global Economy and Development program at the Brookings Institution.

<span class="mw-page-title-main">Ottmar Edenhofer</span> German economist

Ottmar Georg Edenhofer is a German economist who is regarded as one of the world's leading experts on climate change policy, environmental and energy policy, and energy economics. His work has been heavily cited. Edenhofer currently holds the professorship of the Economics of Climate Change at the Technical University of Berlin. Together with Earth scientist Johan Rockström, economist Ottmar Edenhofer is scientific director of the Potsdam Institute for Climate Impact Research (PIK), representing the interdisciplinary and solutions-oriented approach of the institute. Furthermore, he is director of the Mercator Research Institute on Global Commons and Climate Change (MCC). From 2008 to 2015 he served as one of the co-chairs of the Intergovernmental Panel on Climate Change (IPCC) Working Group III "Mitigation of Climate Change".

<span class="mw-page-title-main">Peter Blair Henry</span> American economist

Peter Blair Henry, an economist, was the ninth Dean of New York University's Leonard N. Stern School of Business, and William R. Berkley Professor of Economics and Business, and author of TURNAROUND: Third World Lessons for First World Growth. Previously, he was the Konosuke Matsushita Professor of International Economics at Stanford University.

<span class="mw-page-title-main">Jorge Moreira da Silva</span> Portuguese politician

Jorge Manuel Lopes Moreira da SilvaGOIH is a Portuguese engineer and politician of the Social Democratic Party serving as the Executive Director of the United Nations Office for Project Services, UNOPS, since 2023.

<span class="mw-page-title-main">Finn Tarp</span>

Finn Tarp is a Danish professor of development economics at the University of Copenhagen and former director of UNU-WIDER (2009-2018), Helsinki, Finland.

<span class="mw-page-title-main">Jeffrey A. Goldstein</span>

Jeffrey A. Goldstein is a United States economist who was Under Secretary of the Treasury for Domestic Finance from March 27, 2010, to 2011. Jeffrey is currently the chairman of the board of directors of Fidelity National Information Services (FIS).

The Enhanced Integrated Framework for Trade-Related Assistance for the Least Developed Countries is a global development program with the objective of supporting least developed countries (LDCs) to better integrate into the global trading system and to make trade a driver for development. The multi-donor program was launched on 1 January 2007 as the successor of the Integrated Framework for Trade-Related Technical Assistance to the Least-Developed Countries, which existed from October 1997 to December 2006. The second phase of the EIF has started on 1 January 2016 and will last for 7 years.

<span class="mw-page-title-main">Greg Clark (urbanist)</span> Author, global advisor, chairman and non-executive director

Greg Clark, an urbanist, is an author, global advisor, chairman and non-executive director. Clark has advised more than 300 cities, 50 national governments and a wide array of bodies including the OECD, Brookings Institution, the World Bank and the Urban Land Institute (ULI) on strategies for city development and investment. He also advises global investors and corporate service companies on how to align with city leaders.

<span class="mw-page-title-main">Global Green Growth Institute</span> An organisation promoting sustainable development

The Global Green Growth Institute (GGGI) is a treaty-based inter-governmental international development organization headquartered in Seoul, South Korea.

<span class="mw-page-title-main">Vera Songwe</span> Cameroonian banking executive

Vera Songwe is an economist and banking executive from Cameroon who worked for the World Bank from 1998-2015, and in 2015-2017 served as Western and Central Africa's regional director for the International Finance Corporation. She was the first woman to head the U.N.'s Economic Commission for Africa (ECA) at the level of Under Secretary-General. Songwe currently serves as a non-resident Senior Fellow at the Brookings Institution's Africa Growth Initiative.

The World Poverty Clock is a tool to monitor progress against poverty globally, and regionally. It provides real-time poverty data across countries. Created by the Vienna-based NGO, World Data Lab, it was launched in Berlin at the re:publica conference in 2017, and is funded by Germany's Federal Ministry for Economic Cooperation and Development.

<span class="mw-page-title-main">Madeleine Korbel Albright Institute for Global Affairs</span> International affairs school at Wellesley College

The Madeleine Korbel Albright Institute for Global Affairs is an international studies institute based at Wellesley College in Massachusetts. The Albright Institute was established by former United States Secretary of State and Wellesley College alumna Madeleine Albright in 2009 to support the interdisciplinary study of global issues within a liberal arts framework.

Indermit Gill is an Indian economist who has worked on economic growth, poverty, institutions, conflict, and climate change. He is the World Bank Group's Chief Economist of the World Bank Group and also their Senior Vice President for Development Economics. He has previously worked at Duke University, the Brookings Institution, Georgetown University and the University of Chicago. His Ph.D. was awarded by the University of Chicago. He completed his B.A. Hons in economics from St. Stephen's College, New Delhi, in 1981, and an M.A.in economics from Delhi School of Economics in 1983.

References

  1. Brookings Institution, Fellows, URL: http://www.brookings.edu/experts/kharash
  2. 1 2 "Curriculum Vitae Homi J. Kharas" (PDF). Brookings. Retrieved 6 August 2022.
  3. World Bank raises East Asia growth outlook  New York Times , April 28, 2005.
  4. Kharas (2006), Measuring the volatility of aid, Brookings Working Paper, available at: http://www.brookings.edu/research/papers/2008/07/aid-volatility-kharas
  5. Kharas et al, Quality of Official Development Assistance (QuODA), available at: "Quality of Official Development Assistance (QuODA)". Archived from the original on 2016-03-04. Retrieved 2015-09-16.
  6. United Nations (2013), Post 2015 Development HLPE Report, available at: http://www.post2015hlp.org/the-report/
  7. Commission on Growth and Development, available at: http://go.worldbank.org/LS3NIIIJF0
  8. World Bank, IMF Launch High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth International Monetary Fund, press release of June 15, 2021.