Harvard may shut down its Center for International Development (CID) after economist Kenneth S. Rogoff leaves his position as director of the center July 1.

Two senior members of the Kennedy School faculty, speaking on the condition of anonymity, told The Crimson Friday that University President Lawrence H. Summers is considering the possibility of eliminating the center entirely.

One of the professors noted that the the CID has been hindered by a severe budget crunch. “You can’t run a center without money,” the source said.

In an interview yesterday evening, Summers said he would neither confirm nor deny that the center will remain in existence next academic year.

Summers said that he and David T. Ellwood ’75, the incoming dean of the Kennedy School, will reach a final decision regarding the center’s future in the next few weeks.

But regardless of the decision, Summers said, the resources that the center currently offers to undergraduates will still be available in some form.

Rogoff will resign from his CID post at the end of the current academic year “so that he can devote himself to teaching and research,” University spokesperson Joe Wrinn said Friday.

Rogoff, who was the chief economist at the International Monetary Fund from 2001 to 2003, will continue to serve as Cabot professor of public policy.

The CID, headquartered on the Kennedy School campus, was established in 1998, supplanting the scandal-ridden Harvard Institute for International Development (HIID) as a clearinghouse for researchers across the University who are studying emerging economies.

Six years later, the center’s future is uncertain.

“The whole leadership as I understand it is in flux at the moment,” said Frederick Schauer, the Stanton professor of the First Amendment.

Schauer served on the Faculty Oversight Committee that steered the CID after Columbia University lured the center’s founding director, economist Jeffrey D. Sachs ’76, away from Harvard in 2001.

But professors who served on the oversight committee say the group has not been resuscitated to manage the CID after Rogoff’s departure.

“As far as I know, the committee was disbanded,” said former member Merilee S. Grindle, the Mason professor of international development.

“If it does exist, it hasn’t met,” said Mark R. Rosenzweig, who is the Kamal professor of public policy and served on the oversight committee alongside Grindle and Schauer.