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I hope you will have seen the Board statement which praised your constructive engagement
with the Bank on this issue. I too would like to second that and extend to you my personal thanks.
In its statement the Board highlighted Paul Romer's retraction "that he saw no evidence of
bias or political manipulation in the country rankings", while nevertheless expressing regret and
concern about the impact on Chile of his remarks. I attach the full statement to this letter.
In spite of Mr. Romer's retraction, I would like to confirm that we will still go ahead with
the independent external audit that I mentioned in my previous letter to you. In addition, as agreed in
our conversation, I am confirming here that the Bank will:
Let me reassure you that the Bank continues to have full confidence in its research and the
Doing Business report. I am grateful to you for your close cooperation and I am looking forward to
working with you as we bring this matter to closure.
foCful y. . . .,_ . .
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