Economics
Paul Romer Steps Down as World Bank Chief Economist After Rocky Stint
- Economist angered Chile after saying bank rankings were flawed
- Romer also clashed with staff in drive for greater clarity
Paul Romer
Photographer: Eric Piermont/AFP via Getty Images
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World Bank Chief Economist Paul Romer is stepping down after a rocky tenure in which he struggled in his efforts to reform the research operations of the development lender.
The departure is effective immediately and Romer will return to his position as a professor at New York University, World Bank President Jim Yong Kim said in a statement to staff obtained by Bloomberg News.