Agence France-Presse quotes CGD vice president for special initiatives Dennis de Tray on the World Bank's new chief economist, Justin Lin Yifu.
From the article:
"He will be the first economist of a developing country to occupy the post, which has been held by such luminaries as Stanley Fischer, Lawrence Summers and 2001 Nobel laureate in economics, Joseph Stiglitz.
'In some ways this is a stroke of genius on Bob Zoellick's part,' said Dennis de Tray, vice president of the Center for Global Development, a think tank in Washington.
'He's got himself a good economist who has an international reputation, who has solid credentials in probably the most important emerging-market economy,' de Tray said.
At the same time the Bank president is sending 'a clear signal to the middle-income countries, that are one of Mr. Zoellick's six priorities areas, that he is serious about bringing them into the tent.'"
