(November 6, 2006) The World Bank has declared Lahmeyer International GmbH (Lahmeyer), a German company, ineligible to be awarded Bank-financed contracts for a period of seven years, because of corrupt activities in connection with the Lesotho Highlands Water Project (LHWP). The period of ineligibility may be reduced by four years if the Bank determines that Lahmeyer has met specific compliance conditions and fully cooperated with the Bank in disclosing past sanctionable misconduct.
(November 5, 2006) Full text of presentation at the Global Perspectives on Large Dams Conference: Evaluating the State of Large Dam Construction and Decommissioning Across the World. The speech was published in a report of the conference held November 3-5, 2006.
(September 21, 2006) The World Bank’s shareholder governments struck Bank president Paul Wolfowitz a blow this week after they opted to take control of his flagship anti-corruption strategy rather than allow him the free hand he had hoped for to advance his campaign against graft.
(September 15, 2006) World Bank president Paul Wolfowitz said he expects the Bank’s 184 member countries to approve his anti-corruption framework at the annual meeting of the World Bank and International Monetary Fund this September in Singapore.
(June 19, 2006) Countries in the midst of the Heavily Indebted Poor Countries (HIPC) initiative have seen a worsening of their debt and fiscal management, claims a new World Bank evaluation; other countries went back into debt trouble after completing the programme.
(May 31, 2006) For some years now, the World Bank has been promoting the People’s Republic of China as a model of “best practice” for the developing world in the contested area of involuntary resettlement. This evaluation has been widely repeated, and most recently has been adopted in several papers commissioned by the World Commission on Dams (WCD http://www.dams.org), a body mandated to conduct an independent review of the “development effectiveness” of big dams and water projects around the globe.
(May 24, 2006) Certainly there is harsh criticism of Wolfowitz, but it seems tempered by a sense that his approach offers a chance for change at the World Bank, a lumbering institution often berated as secretive, bureaucratic and ineffective.
(May 13, 2006) World Bank corruption may exceed $100 billion and while the institution has moved to combat the problem, more must be done, the chairman of the Senate Foreign Relations Committee said Thursday.
(March 7, 2006) "Corruption is the biggest threat to democracy since communism," says World Bank president Paul Wolfowitz, who plans to make reducing graft in the countries where the bank does business a priority.
(April 22, 2006) Ahead of this weekend’s Spring meetings of the World Bank and International Monetary Fund (IMF), Africa Action and allied organizations today staged a theatrical "health inspection" of these institutions, finding them to be a public health hazard in Africa and other impoverished regions.
(April 13, 2006) Paul Wolfowitz, president of the World Bank, pledged Tuesday to push the fight against corruption to the center of the bank’s global development work in a speech outlining a comprehensive and detailed anti-corruption agenda.
(April 11, 2006) Jubilee USA and East Timor and Indonesia Action Networks challenge Wolfowitz to address roots of corruption by canceling Indonesia’s Suharto-era debt.
(April 8, 2006) Will it touch the roots?
(March 30, 2006) Debt relief advocate, Jubilee USA Network, has welcomed approval of debt cancellation by the World Bank Executive Board for some impoverished countries, and urged the Bank to remove deadly delays to debt cancellation for additional impoverished countries.
(May 8, 2006) Many Americans, shocked at the United Nations oil-for-food scandal, realize that the mismanagement of government aid is not merely a phenomenon which occurs in Washington and State capitals but internationally.