(August 6, 2004) To prevent corrupt regimes from siphoning revenue from extractive industries, the World Bank will now require resource companies and countries to disclose their revenues from oil-related projects.
Other News Sources
World Bank agrees to new oil loan rules
(August 5, 2004) The World Bank, the largest financier of economic programmes in poor nations, has agreed to new rules to prevent revenue from oil and gas projects going to corrupt regimes.
The boom that only oils the wheels of corruption
(August 5, 2004) The new wealth from oil development in sub-Saharan Africa has been used almost exclusively for the enrichment of political leaders, and as a consequence most of the population remains poor and unprotected.
Fight against corruption is a thankless battle – Kamazima
(August 4, 2004) The fight against corruption is a thankless battle, observed Southern Africa Forum Against Corruption (SAFAC) out-going chairman Major General Anatory Kamazima yesterday.
Fight against corruption a thankless battle, Kamazima
(August 4, 2004) The fight against corruption is a thankless job, said Major General Anatory Kamazima, the outgoing chairman of the Southern Africa Forum Against Corruption (SAFAC). Major General Kamazima said the irony of fighting corruption was that very few in the upper echelon of society supported the battle. Without strong political will, he said, anti-corruption agencies would not succeed alone.
World Bank dam poses huge risk to Laotian farmers
(August 23, 2004) If Nam Theun 2 is built, the developers themselves predict "a collapse in the aquatic food chain," along the Xe Bangfai, a large Mekong tributary in central Laos. This would affect more than 40,000 people.
Street seeks to advise Iraq
(August 2, 2004) Some send emissaries in secret, some host seminars, all seek a relationship.
Lesotho remains firm against corruption despite lack of funding help from EU or World Bank
(August 2, 2004) Various promises of assistance made but little follow-through, especially from countries whose companies were involved in the criminal proceedings.
Total debt forgiveness or default the only options for Africa
(August 2, 2004) Sub-Saharan Africa now owes $201 billion in international debts. Africa will not develop with these unending obstacles and more aid, and therefore debt and interest obligations, are exacerbating the problem.
U.S. Senate corruption inquiry demands tougher measures to stop misuse of development funds
(August 2, 2004) The American Treasury Department is being prodded into more effective action over fraud and corruption in the use of money voted for foreign assistance programs and funding institutions such as the World Bank.
Poor countries, rich resources
(August 1, 2004) The World Bank has helped finance exploitation of oil, gas, coal and other minerals in the developing world, mainly through its private sector lending arm, even though this has rarely advanced the institution’s mission of reducing poverty.
Minister spells out IMF, World Bank terms
(August 1, 2002) There are three outstanding conditions set by the Bretton Woods institutions which the Government is yet to fulfil for the resumption of aid , Finance Assistant Minister David Kirui said.
Cost of corruption is $1 trillion: WB
(August 1, 2004) Contrary to common perception, corruption is rampant not only in developing but also in developed countries, with more than one trillion dollars being paid in bribes each year across the globe, according to the World Bank.
Corruption: Canada backs firm banned by World Bank
(July 30, 2004) It is business as usual between Canadian government agencies and a local company barred from World Bank contracts after being convicted of bribery in Africa.
Debt campaigner contests Argentina’s debt-swap proposal
(July 29, 2004) Debt campaigner says omitted facts "makes this prospectus misleading.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 