World Bank chief economist resigns amid Chile scandal

Former World Bank chief economist Paul Romer told The Wall Street Journal the bank’s method for ranking business competitiveness of member countries could hinge on political considerations. – EPA pic, January 25, 2018.

THE World Bank’s chief economist resigned yesterday 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.

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