Homi Kharas
Senior Fellow - Global Economy and Development, Center for Sustainable Development
Homi Kharas is a senior fellow in the Center for Sustainable Development, housed in the Global Economy and Development program at Brookings. In that capacity, he studies policies and trends influencing developing countries, including aid to poor countries, the emergence of the middle class, and global governance and the G-20. He previously served as interim vice president and director of the Global Economy and Development program.
He has served as the lead author and executive secretary of the secretariat supporting the High Level Panel, co-chaired by President Sirleaf, President Yudhoyono and Prime Minister Cameron, advising the U.N. Secretary General on the post-2015 development agenda (2012-2013). The report, “A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development,” was presented on May 30, 2013.
His most recent co-authored/edited books are "Leave No One Behind" (Brookings Press, 2019), "From Summits to Solutions: Innovations in Implementing the Sustainable Development Goals" (Brookings Press, 2018), "The Imperative of Development" (Brookings Press, 2017), "The Last Mile in Ending Extreme Poverty" (Brookings Press, 2015), "Getting to Scale: How to Bring Development Solutions to Millions of Poor People" (Brookings Press, 2013), "After the Spring: Economic Transitions in the Arab World" (Oxford University Press, 2012), and "Catalyzing Development: A New Vision for Aid" (Brookings Press, 2011). He 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.
Homi Kharas is a senior fellow in the Center for Sustainable Development, housed in the Global Economy and Development program at Brookings. In that capacity, he studies policies and trends influencing developing countries, including aid to poor countries, the emergence of the middle class, and global governance and the G-20. He previously served as interim vice president and director of the Global Economy and Development program.
He has served as the lead author and executive secretary of the secretariat supporting the High Level Panel, co-chaired by President Sirleaf, President Yudhoyono and Prime Minister Cameron, advising the U.N. Secretary General on the post-2015 development agenda (2012-2013). The report, “A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development,” was presented on May 30, 2013.
His most recent co-authored/edited books are “Leave No One Behind” (Brookings Press, 2019), “From Summits to Solutions: Innovations in Implementing the Sustainable Development Goals” (Brookings Press, 2018), “The Imperative of Development” (Brookings Press, 2017), “The Last Mile in Ending Extreme Poverty” (Brookings Press, 2015), “Getting to Scale: How to Bring Development Solutions to Millions of Poor People” (Brookings Press, 2013), “After the Spring: Economic Transitions in the Arab World” (Oxford University Press, 2012), and “Catalyzing Development: A New Vision for Aid” (Brookings Press, 2011). He 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.
He has served as a member of the High Level Panel on the Reform of the Development Assistance Committee (2017); the International Panel Review Committee on Malaysia’s economic and governance transformation programs (2012); the post-Busan Advisory Group to the DAC co-chairs (2011); the National Economic Advisory Council to the Malaysian Prime Minister (2009-10); and a member of the Working Group for the Commission on Growth and Development, chaired by Professor A. Michael Spence (2007-10). He was a nonresident fellow of the OECD Development Center (2009). He has consulted for various organizations including the government of Sweden; World Bank Group; the United Nations; the International Fund for Agriculture Development; the OECD; the Japan International Cooperation Agency; the Global Fund Global Fund to Fight AIDS, Tuberculosis and Malaria; the Qatar National Research Fund; and the Centennial Group. He acts as an adviser to a number of organizations.
Prior to joining Brookings, Dr. 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 and Director for Poverty Reduction and Economic Management, Finance and Private Sector Development, responsible for the Bank’s advice on structural and economic policies, fiscal issues, debt, trade, governance, and financial markets.
The idea that philanthropy, that any single individual, has enough money to affect something at a global scale is a very new phenomenon. [Most billionaires have] accumulated their wealth because the world economy is now globalized, but to sustain a globalized world economy we need to have more inclusive growth.
The IMF and the World Bank early on understood that the crisis and the economic recession … would be very broad and very deep . . . [Their push on the G20 to suspend debt payments for dozens of low-income countries] was the first major step in ensuring that the pandemic didn’t trigger a debt crisis that could have longer term consequences.
"We really need much more of a systemic transformation in economies. So now you see country after country coming out with recovery plans like the European Green Deal that emphasize environmental sustainability and social inclusion. There's a tremendous mindset change."
