A Supreme Court decision involving the World Bank and Canadian engineering giant SNC-Lavalin could threaten fair trials for falsely accused Canadians in the future and help corrupt Canadians to escape punishment. Patricia Adams of Probe International for the Financial Post.
Former IMF chief economist Kenneth Rogoff says “far too little attention has been devoted to understanding why multilateral development lending has so often failed”. In his experience, MDBs are most valuable as “knowledge” banks — sharing soft development infrastructure such as experience and best practices rather than financial muscle. The latter, he says, has led to their “greatest failures”.