Chilean officials have accused the World Bank of treating the country unfairly for several years. Foreign Minister Heraldo Muñoz, tweeted “fake news was becoming fake statistics”. He was responding to an interview given by the bank’s chief economist, Paul Romer who said indicators for Chile may have been manipulated for political reasons to show a decline in Chile’s business conditions.
The World Bank has ordered an enquiry. In an interview given to the Chilean newspaper El Mercurio, the World Bank economist who had been responsible for the rankings, Augusto Lopez-Claros, said changes in methodology “took place in a transparent and open context,” denying any political bias.
Chile currently ranks 55th out of 190 countries on the World Bank’s closely watched annual “Doing Business” competitiveness rankings. It had been 34th in 2014, the year the socialist President, Michele Bachelet took office.