(January 24, 2014) USAID may join forces with Chinese state companies to build a controversial and uneconomic dam in the Democratic Republic of Congo.
SNC-Lavalin may have to abandon involvement in DRC dam project
(September 24, 2013) SNC-Lavalin may have to pull out from a consortium bidding on a contract to construct a massive dam project in the Democratic Republic of Congo.
Lugar Urges International Development Banks to Step Up Corruption Cases
(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks.
Debt relief for poor faces $7.8 bln gap, US watchdog
(April 20, 2004) A debt relief program for the world’s poorest countries is facing a $7.8 billion funding shortfall, mostly from the World Bank, a U.S. Congressional watchdog told lawmakers on Tuesday.
AfDB cancels projects in Nigeria over corruption
(September 1, 2003) Overwhelmed by complaints of failed water projects due to official corruption, the African Development Bank (ADB) has announced the cancellation of 80 per cent of its projects in the country.
We are not surprised by Chiluba’s corruption – IMF
(August 10, 2002) We are not surprised at the reported high levels of corruption under Chiluba regime, International Monetary Fund (IMF) resident representative Mark Ellyne has said.
World Bank criticises trillion-naira budget
(Jul 4, 2002) Nigeria cannot sustain a trillion-naira budget without major long-term macro-economic distortions, the World Bank’s Chief Economist, Mr. Nick Stern, said yesterday.
Probe Alert September 2000
Canadian government defends more aid for disastrous Manantali Dam
A troubling deposit at World Bank
(November 29, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.
A troubling deposit at World Bank
(November 25, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 