These comments by Tanzanian economics professor Humphrey Moshi serve as quite an indictment of the wayward World Bank. When China — no stranger to poor practices itself — is your “saviour” from bad World Bank policies … The Daily News reports.
Nigeria doesn’t need bailouts; it needs to change its governance. Lawrence Solomon reports for the National Post.
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.
Last week’s anti-corruption summit ignored how western governments and international financial institutions fuel corruption through foreign aid, writes USA Today contributor James Bovard.
Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.
(April 14, 2014) A pledge by the World Bank’s new President Jim Yong Kim to increase spending will produce the same bad results that have plagued the Bank for decades.
(September 24, 2013) SNC-Lavalin may have to pull out from a consortium bidding on a contract to construct a massive dam project in the Democratic Republic of Congo.
(September 7, 2013) Bangladesh plans to have a anti-corruption official attend the Canadian pre-trial for two former SNC-Lavalin employees charged with corruption in relation to a $1.2-billion Bangladeshi bridge project. Canadian evidence needed to close Bangladesh case.
(July 30, 2013) Lawmakers in the UK say the country is handing out billions of dollars in foreign aid without knowing how it is spent.
(July 19, 2013) The World Bank is once again getting back into the risky business of building large-scale dams.
(January 14, 2011) Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012.
(January 13, 2011) The World Bank has announced new funding for carbon credits to be generated after 2012. A second tranche of the bank’s Umbrella Carbon Facility “is now operational with initial funding of €68 million ($89 million),” the World Bank said in a statement on Wednesday.
(January 12, 2011) Green investments in wind, waste management, lighting and transport projects across the developing world are set to benefit from new funding for carbon credits generated post-2012.
(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.
(December 15, 2010) Critics of the Nam Theun 2 dam in Laos say it’s a perfect example of why the World Bank should stop its support of large dams, writes Brady Yauch.