Tag: Inter-American Development Bank

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.

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Haiti heads for debt crisis as emergency loans pile up earthquake

(January 31, 2010) Anti-poverty campaigners warn emergency funds loaded to Haiti, at the height of crisis, will become a heavy debt burden for the quake devastated country. Already caught in a cycle of repayment for loans racked up by dictators from the western governments that kept the country’s looters in power, Haiti can’t afford its future in the present form of help.