James S. Henry
Submerging Markets.com
November 1, 2003
In principle, First World development banks and export credit agencies could curb corrupt behaviour by transnational companies in developing countries but apparently don’t want to offend their First World constituents by doing so. This article, Part 3 in a series, takes a close look at a recent case, Lesotho‚Äôs Highland Water Project (LHWP), a huge World Bank-financed dam project where a half dozen leading Canadian and European engineering and construction firms are now being prosecuted for bribery by one of southern Africa‚Äôs smallest, most poverty-stricken countries.