Print Edition - 2018-01-26  |  Money Digest

World Bank chief economist resigns

- AFP, Washington

Jan 26, 2018-

The World Bank’s chief economist resigned on Wednesday amid a scandal that erupted when he raised questions about how the institution was ranking countries — especially Chile — in a key report. World Bank President Jim Kim announced that Paul Romer was stepping down immediately from the post he had held since October 2016, but did not specify the reason for his exit. In his only reference to the recent dispute — which prompted Chile to demand an investigation — Kim said, “I appreciated Paul’s frankness and honesty, and I know he regrets the circumstances of his departure.” Romer sparked controversy earlier this month when he told The Wall Street Journal the World Bank’s method for ranking business competitiveness of member countries had changed in a way that could give the impression it weighted the results due to political considerations. 

Published: 26-01-2018 08:59

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