(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.
Kenya asks for help in sniffing out corruption
(July 29, 2004) Kenya had asked six countries to help find evidence abroad for its probe into alleged government corruption, the country’s top anti-graft official, permanent secretary for governance and ethics John Githongo, told the Daily Nation yesterday.
Justice department to probe former examiner at Riggs
(July 29, 2004) The Office of the Comptroller of the Currency has asked the Justice Department to review whether a former federal bank examiner of Riggs Bank broke ethics laws after he left government and went to work at the bank.
Grease trade
(July 28, 2004) Governments around the world, north and south, are on the brink of making a fatal mistake that will cost countless lives: Namely, the failure to make the fight against corruption a key pillar of the Doha trade talks.
U.N. and Congress in dispute over Iraq oil-for-food inquiries
(July 28, 2004) Congressional committees investigating allegations of corruption and mismanagement in the United Nations oil-for-food program in Iraq are at odds with the organization’s own inquiry over access to records and personnel.
Scandal hitting Acres
(July 26, 2004) Ontario-based Acres International is still feeling the repercussions of a scandal-ridden African water project.
Acres is blacklisted for graft
(July 26, 2004) The World Bank had blacklisted Canadian engineering firm Acres International for three years for "corrupt activities" related to the bank-sponsored Lesotho Highlands Water Project, it said at the weekend.
Enforcing the law on overseas corruption offences: towards a model for excellence
(July 24, 2004) A discussion paper that looks at why enforcement of overseas corruption offences involving British companies and individuals under the UK’s anti-corruption legislation is crucial to the international fight against corruption.
World Bank puts sanctions on Oakville engineering firm
(July 24, 2004) Acres barred from bank-funded work following overseas bribery conviction.
World Bank penalizes Canadian company
(July 24, 2004) The World Bank has, for the first time, levied penalties against a Western company for corruption, banning prominent engineering firm Acres International from bidding on bank-financed projects for three years.
World Bank blacklists Canadian MNC
(July 24, 2004) The World Bank said on Friday that it had blacklisted its first multinational with the debarring of Canadian engineering firm Acres International from new contracts for three years.
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