Ioana Dorhoi, PhD – Government Relations and Public Affairs

An Economist of Vision, a Mentor of Integrity, and a Friend of Rare Grace

It is with deep sorrow that I acknowledge the passing of Stanley Fischer, who died in June 2025 at the age of 81. For over two decades, I had the privilege of knowing Stanley—not only as one of the most brilliant economic minds of our time, but as a kind and principled person whose impact reached far beyond the institutions he served.

Stanley Fischer’s career was exceptional. He served as Chief Economist at the World Bank, First Deputy Managing Director of the International Monetary Fund (IMF), Governor of the Bank of Israel, and Vice Chair of the U.S. Federal Reserve. His leadership helped guide the world through some of the most turbulent financial periods in modern history, including the Asian financial crisis, the Great Recession, and the economic challenges of globalization.

Yet to those of us who knew him personally, Stanley was more than his résumé. He was generous with his time, deeply ethical in his judgment, and unwavering in his commitment to the public good. I witnessed firsthand his ability to combine academic rigor with real-world pragmatism, and his rare capacity to inspire the next generation without ever seeking the spotlight.

Stanley believed in the power of policy to improve lives. He believed in stability—not just financial, but moral and institutional. And he never lost his humility, even at the highest levels of global decision-making.

His passing is a loss to the world, to economics, and to all of us who were lucky to know him. I extend my heartfelt condolences to his family and loved ones.

May his memory be a blessing—and may we honor his legacy through service, wisdom, and compassion.

— Ioana Monica Dorhoi, PhD