Tag: multilateral development bank

Where has all the money gone?

(June 2, 2009) A recent article by Lord Aikins Adusei in the Zimbabwe Observer asks some pointed questions of the international aid agencies and developed banks. After nearly 50 years and billions of dollars in loans and grants, he says, Africa remains a poverty-striken continent, rife with corruption and political instability.

Free the Third World of export credit agencies

(June 21, 2006) The evidence of boondoggles made possible by Export Credit Agency (ECA) support – the Three Gorges dam, the Norwegian shipping deal to Ecuador, the Manantali dam in the Senegal River basin, the Bataan nuclear power station in the Philippines, pulp and paper mills to Indonesia, the OK Tedi mine in Papua New Guinea, military exports to Iraq – is extensive and well documented.