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International Monetary Fund chief economist Raghuram Rajan will step down at the end of the year to return to academia, the fund said on Tuesday. Rajan joined the IMF in September 2003 on leave from the University of Chicago Graduate School of Business where he will return early next year.
As counsellor and director of the IMF's research department, Rajan has helped oversee some of the biggest reforms in the fund's history.

Copyright Reuters, 2006

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