Nobel economist reiterates his criticism at the World Bank in the context of a controversy involving Chile | National



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The former World Bank Chief Economist and 2018 Nobel Laureate, Paul Romer, reiterated his criticisms of the entity he was working on a few months ago. He resigned after denouncing (then retracted) The manipulation of the Doing Business ranking would have hurt Chile.

After the scandal with Chile and his resignation from the World Bank, Romer won the Nobel Prize for Economics and gave Sunday an interview to the newspaper La Tercera, in which he resumed "the case of Chile" . "

The economist reiterated that his criticisms of a few months ago concerned the evolution of Doing Business rankings (or index of ease of doing business) and that in his statements he A few months ago, he asked the World Bank to self-criticize. [19659002] "I could not trust the integrity of those who produced Doing Business. I could not prove that this was done dishonestly, but there were worrying signs that the high standards of integrity that were intended for this type of work were not being met (… I wanted to point out that this report was problematic. . As a manager, who is the visible guarantee of integrity, I should be able to say, "I trust the work that people do." At the World Bank, I could not say that. "

Romer states that the changes made by the World Bank in Doing Business are not designed and / or executed in a transparent manner, and that there is no clear indication as to why for which the methodology was changed and Chile was an example of these problems.

"When Chile fell in the rankings, it was felt that it was due to the fact that the policy it was deteriorated. Then there were statements that said it was diminishing because things were not going as fast as other countries. None of these explanations were true, the truth is that Chile fell because we constantly changed the measure, "said Romer.

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