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Category Archives: World Bank
“World Bank disgrace”: Wall Street Journal
(January 16, 2008) A review of World Bank loans to India’s health sector by the Bank’s own internal watchdog, indicates fraud and corruption put lives at risk, enriching contractors in the process. Worse still, says WSJ, the bank repeatedly looked the other way. Continue reading
Folsom quits
(January 16, 2008) The World Bank’s chief anti-corruption investigator calls it a day: pressure to leave over allegations her appointment due to Republican party connections. Continue reading
First the mutiny, then the silver
(December 19, 2007) In the wake of a staff mutiny against former World Bank president Paul Wolfowitz, the U.K. edition of The Economist notes that the lending giant’s new head, Robert Zoellick, has raised a windfall in support from rich countries. Continue reading
World bankruptcy
(November 28, 2007) When the World Bank staff staged a coup against then-President Paul Wolfowitz earlier this year, The Wall Street Journal editorials argued that one motivation was to stop his anti-corruption fight. Now The WSJ describes “another backroom putsch,” this time against Suzanne Rich Folsom, the head of the bank’s anticorruption unit (INT, or department of institutional integrity). Continue reading
Fearing odious debt challenges, the World Bank attempts to dismiss the legal concept
(October 20, 2007) The World Bank’s controversial discussion paper on odious debt released last month has been met with disbelief and scorn. A review by Probe International’s executive director, Patricia Adams, concludes that it “is not a serious treatment of the rigorous scholarly debate now occurring over the concept of odious debts.” Continue reading
