These comments by Tanzanian economics professor Humphrey Moshi serve as quite an indictment of the wayward World Bank. When China — no stranger to poor practices itself — is your “saviour” from bad World Bank policies … The Daily News reports.
A Supreme Court decision involving the World Bank and Canadian engineering giant SNC-Lavalin could threaten fair trials for falsely accused Canadians in the future and help corrupt Canadians to escape punishment. Patricia Adams of Probe International for the Financial Post.
The Pak Mun Dam is the only case in the whole Mekong Basin where dam affected people have demanded the decommissioning of the dam.
The World Bank bars China International Water and Electric Corporation (CWE), a wholly-owned subsidiary of China Three Gorges Corporation (CTG), from its projects for three years for misconduct in Africa and Southeast Asia. South China Morning Post reports.
(April 14, 2014) A pledge by the World Bank’s new President Jim Yong Kim to increase spending will produce the same bad results that have plagued the Bank for decades.
(July 19, 2013) The World Bank is once again getting back into the risky business of building large-scale dams.
(January 14, 2011) Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012.
(January 13, 2011) The World Bank has announced new funding for carbon credits to be generated after 2012. A second tranche of the bank’s Umbrella Carbon Facility “is now operational with initial funding of €68 million ($89 million),” the World Bank said in a statement on Wednesday.
(December 15, 2010) Critics of the Nam Theun 2 dam in Laos say it’s a perfect example of why the World Bank should stop its support of large dams, writes Brady Yauch.
(November 23, 2010) The Wall Street Journal puts the World Bank’s “measured praise” of China’s green energy policies in context.
(October 14, 2010) While corruption in Uganda becomes more endemic, the World Bank continues to hand over millions of dollars of foreign aid funds – not realizing that this money is making the situation worse, writes Brady Yauch.
(April 15, 2010) The ‘Africa Development Indicators 2010’ report on ‘quiet corruption’ is one more example of the World Bank’s distractive politics. Distractive because it seeks, wittingly or unwittingly, to sidetrack issues that are fundamental to understanding the continuing poverty and underdevelopment of Africa. Distractive also because it seeks, probably consciously and purposely, to exonerate the World Bank from its own role in perpetuating Africa’s mal-development.
(January 7, 2010) India’s Union Ministry of Environment and Forests has decided not to accept aid from the World Bank for its tiger conservation programme. Why do we need the help of the Bank, which has ripped apart our natural resources by supporting projects for dams and mining at the cost of conservation,” asked P. K. Sen, conservationist and former director of Project Tiger.
(September 25, 2009) In the wake of recent financial crisis, the World Bank called on the developed world to drastically increase lending to developing nations. Robert Zoellick and company say that countries in Africa and other parts of the developing world need this money to combat rising levels of poverty and an economic collapse.
Internal auditors in Kenya’s Ministry of Finance have discovered losses of about 131 million shillings ($1.8 million) from what the country’s Finance Minister Uhuru Kenyatta says “appears to be fraud and corruption” in two World Bank-funded programs.