(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.
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.
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.
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 sanctions Acres International Limited
(July 23, 2004) The World Bank has sanctioned Acres International Limited (Acres), a Canadian company, as a result of corrupt activities related to its Bank-financed contract associated with the Lesotho Highlands Water Project.
Powell urges world to aid Haiti’s government
(July 20, 2004) While U.S. Secretary of State Colin Powell urged the international community to rally behind Haiti’s new government, Haiti’s Prime Minister Gerard Latortue said no one would dare& use funds for objectives other than aid.
French-led hydro venture in Lao PDR is uncompetitive and obsolete, says new report
(July 1, 2004) Power consumers, rural poor would be better served by smaller projects.
Stealing from the poor
(June 29, 2004) Of the billions of dollars the World Bank lends, the corrupt always seem to get their share. The bank says it’s making progress; critics, given new voice in the U.S. Congress, say more could be done.
Ban corrupt firms, urges Manuel
(June 4, 2004) Companies that pay bribes to African officials should be named and shamed," and banned from participating in further contracts on the continent, finance minister Trevor Manuel has urged.
Poorest pay for World Bank corruption: US senator
The World Bank has lost about 100 billion dollars slated for development in the world’s poorest nations to corruption since 1946, nearly 20 percent of its total lending portfolio, according to a U.S. Senate committee.
Lugar: Corruption cost World Bank $130B
(May 13, 2004) As much as $130 billion may have been lost due to corruption in World Bank loans, the chairman of the Senate Foreign Relations Committee said Thursday.
World Bank should get out of oil and mining, says Dutch government
(April 27, 2004) A statement made for years by non-governmental organisations has been adopted by Dutch Development Minister Agnes Van Ardenne at the recent annual meetings of the World Bank in Washington.
Hard currency
The duplication, waste and inefficiencies of the worldwide aid business are largely a consequence of unilateralism – that is, of the unwillingness of many donor countries . . . to coordinate development projects within the countries they aid
Nam Theun 2 dam – Fighting corruption World Bank style
(February 1, 2004) Last year, presumably in an attempt to clean up its tarnished image, the World Bank produced a glossy brochure: “10 things you never knew about the World Bank”.
Trade ministry official comments on former regime’s corruption
(January 16, 2004) An unnamed official at the Iraqi Trade Ministry told London’s "Al-Sharq al-Awsat" the ministry plans on suing companies and prosecuting former regime officials for corrupt practices.
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