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World Bank Group Chief Economist Discusses AI's Role in Developing Economies

2 reports, 1 independent Updated 00:00
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What happened

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Michael Kremer was appointed Chief Economist and Senior Vice President of the World Bank Group on October 8, 2026. In this capacity, he spoke at the launch of the World Bank Group's 'World Development Report 2026: The Promise of Artificial Intelligence' in New Delhi. Kremer highlighted that India's progress in AI, such as its monsoon forecasting system, offers lessons for the wider developing world.

From prokerala.com

Why it matters

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The report notes that AI can widen access to expertise, raise productivity, and improve service delivery in developing economies. Kremer emphasized that scaling AI solutions requires a full stack approach, incorporating not just software but also human and institutional elements.

From prokerala.com

Who's involved

  • Michael KremerChief Economist and Senior Vice President of the World Bank Group
  • World Bank GroupInternational organization that provides leveraged loans to developing countries

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