Augusto Lopez-Claros is Director of Global Indicators and Analysis at the World Bank.
He has been the Chief Economist and Director of the Global Competitiveness Program at the World Economic Forum in Geneva. In this capacity he traveled widely and engaged with senior policymakers in government and the business community on the policy and institutional requirements associated with improvements in the business environment. For many years he was the editor of the Forum's Global Competitiveness Report, including the 2006-07 edition. He is the founder of EFD – Global Consulting Network an international consultancy specialising in economic, financial and development issues.
He was the editor of The Innovation for Development Report 2009–2010: Strengthening Innovation for the Prosperity of Nations, published by Palgrave in November 2009. More recent publications include: “Removing Impediments to Sustainable Economic Development: The Case of Corruption” (2015) and “Fiscal Challenges After the Global Financial Crisis: A Survey of Key Issues” (2014).
He has a degree in mathematical statistics from Cambridge University, UK, and a Ph.D. in economics from Duke University in the United States. Before joining the World Economic Forum in 2003 he was Executive Director and Senior International Economist with Lehman Brothers International in London. During his 5-year stay with Lehman he wrote extensively on a broad range of economic and financial topics, such as sovereign debt restructuring, foreign direct investment in transition economies, capital account liberalization, growth, and the role of good governance in the development process. As part of this research work and to meet with Lehman clients he traveled extensively in Europe, North and South America, the Middle East and Asia. He is a frequent commentator on economic and financial issues, having given well over 150 TV interviews during the last seven years on all the major networks. Before Lehman he worked as an economist with the International Monetary Fund in Washington, an organization he joined in the mid-1980s.
During his years of service at the Fund his assignments included being country economist for Spain; working in the Fund’s main policy making department, where he worked on Eastern Europe and did some of the early work at the Fund on good governance. From 1992-95 he was Resident Representative for the IMF in the Russian Federation, where he was responsible for program implementation issues in the context of the IMF’s multi-billion dollar program of assistance to the Russian Federation. Prior to his service with the IMF, he was Professor of Economics at the University of Chile, Santiago.