Today the World Bank is expected to approve financing for a massive US$1.2 billion dam in Laos despite international concern that the project’s revenue will be mismanaged or siphoned off by corrupt officials and contractors.
UNDP Whistleblower Details Comprehensive Wrongdoing in Somalia Projects
(May 14, 2008) Evidence shows lack of oversight, retaliation, and program ties to terrorist group.
Voters strike blow against corruption
(April 7, 2008) In a country where corruption is a way of life, the election result is a breathe of fresh air.
World Bank continues Philippines loan freeze; officials talk back
(December 12, 2007) The World Bank has said it will not approve a $232 million loan to the Philippines until it is convinced anti-corruption measures have been put in place to protect the project the funds are intended for. The loan, due for approval on Dec. 13, was slated for a road building contract but was blocked by the Bank after the Chinese contractor was found to have been involved in bid rigging.
Corruption is why we are so poor
(November 12, 2007) Of the billions of dollars Western countries send to Bangladesh for the purpose of economic development, an estimated 75 percent is "one way or another misappropriated by the privileged," writes physician and health economics specialist, Zulfiquer Ahmed Amin.
Probe International opposes World Bank financing for Congo dams
(May 28, 2007) Probe International tells the World Bank to halt all loans to the Democratic Republic of Congo’s Inga dam project until those affected by the dam are provided with the water, sanitation, electricity, health and education services promised to them more than 30 years ago.
Nations worried about reform pace in Mozambique
(May 24, 2007) Aid to Mozambique would remain largely unchanged in 2008 due to the African nation’s poor progress fighting corruption and implementing other reforms, a group of Western nations and donor agencies said on Thursday.
Graft Fights Back
(May 9, 2007) A majority on the World Bank’s board, many of whom are directors from Third World countries opposed to president Paul Wolfowitz’s anti-corruption campaign, understandably want him out. But why is the World Bank Group Staff Association so intent on getting rid of Wolfowitz?
Predatory lending
(May 4, 2007) In the flap over Paul Wolfowitz’s "sweetheart deal" for Shaha Riza, World Bank staffers are demanding his resignation to protect the "credibility" of the Bank. This is rich.
Internal Attack
(April 17, 2007) Since its creation in 1944, the World Bank has become the world’s leading architect of Third World corruption. In the Third World countries themselves, the World Bank has created hundreds of state-owned enterprises and then lavished them with money, requiring their officials to subject themselves neither to public oversight nor the bank’s own scrutiny. Among the Western suppliers to these corrupt state corporations, the bank awarded billions of dollars in contracts, again without public oversight or bank scrutiny, let alone market discipline.
Zero tolerance to ODA abuse
Vietnam has vowed to settle its notorious PMU18 scandal in a strict and
transparent manner in a bid to revive the international donor
community’s confidence in the proper use of official development
assistance, reports Hoang Mai for Vietnam Investment Review.
Indian scandal has Canadian roots
(February 12, 2007) Indian police have been tasked with getting to the bottom of a “promise” by Quebec-based engineering conglomerate, SNC Lavalin, to provide Canadian aid to Kerala in exchange for it getting a multi-million dollar hydro-electric project.
Bank’s graft crusade exaggerated, critics say
(February 7, 2007) Watchdog groups cite conflicts of interest in the Bank’s core mission, and the Washington-based lender’s keenness to brush up its image.
China’s audit authority finds US$816 mln in misused social security funds
(January 8, 2007) China’s National Audit Office (CNAO) discovered 7.1 billion yuan (816 million US dollars) in illegally used social security funds in 2006, said Auditor-General Li Jinhua on Monday.
Inter-American Development Bank debt relief a smoke screen
(December 12, 2006) A move last month by the Inter-American Development Bank (IADB) to write off US$2.1-billion in debt owed to it by five Latin American countries helps the Bank bail itself out and bury its mistakes under a cloak of magnanimity, says odious debts expert, Patricia Adams.
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