(November 23, 2006) China lending to Sub-Saharan African countries and debt campaigners’ increased emphasis on creditor responsibility poses new challenges for World Bank.

(November 14, 2006) Campaigner against corruption in the Republic of the Congo is arrested for defaming president: latest move in a campaign of judicial harassment against activists denouncing the looting of Congolese public funds, says international NGO.

(November 8, 2006) By paying bribes to the Lesotho Highlands Development Authority’s chief executive, the engineering company Lahmeyer International engaged in punishable activities, the World Bank’s Sanctions Committee found.

(November 6, 2006) The World Bank has declared Lahmeyer International GmbH (Lahmeyer), a German company, ineligible to be awarded Bank-financed contracts for a period of seven years, because of corrupt activities in connection with the Lesotho Highlands Water Project (LHWP). The period of ineligibility may be reduced by four years if the Bank determines that Lahmeyer has met specific compliance conditions and fully cooperated with the Bank in disclosing past sanctionable misconduct.

(October 20, 2006) “Basically, this money has gone to waste." More than $380 billion has either been stolen or wasted by Nigerian governments since independence in 1960, Nigeria’s chief corruption fighter has said.

(October 19, 2006) Corruption also scares away investors, affects development, entrepreneurship and impedes growth. Sir Quett Ketumile Masire, former president of Botswana has said Africa loses more than $148 billion annually due to corruption.

(October 10, 2006) Three European multinationals convicted of bribery in groundbreaking Lesotho corruption trials.

(September 21, 2006) The World Bank’s shareholder governments struck Bank president Paul Wolfowitz a blow this week after they opted to take control of his flagship anti-corruption strategy rather than allow him the free hand he had hoped for to advance his campaign against graft.

(September 18, 2006) A new study claims that poor countries have overpaid creditor countries
billions of dollars as a result of irresponsible lending.