WASHINGTON, May 14 (Reuters) - World Bank chief economist Indermit Gill will retire at the end of August, the multilateral development bank's president Ajay Banga told staff in a memo seen by Reuters on Thursday.

Banga lauded Gill's long career with the World Bank Group, including his work as vice president for equitable growth finance and institutions before taking over as chief economist in September 2022.

Gill, a native of India, had played a transformational role in advancing transparency through data, Banga said, citing the economist's work to improve debt transparency, sustainability, and restructuring for low- and middle-income countries.