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Home > Global: Corruption at the bank

Contributor [1]
Monday, April 3, 2006 - 03:00
Categories: 
Corruption [2]
Issue Number: 
249 [3]
Article-Summary: 

The Government Accountability Project (GAP) has hailed a 10-page investigative report focusing on corruption at the World Bank. The article in the April 3 edition of US News & World Report focuses on extensive internal problems at the bank including how “kickbacks, payoffs, bribery, embezzlement, and collusive bidding plague bank-funded projects around the world.” The report estimates that more than 20 percent of the loans distributed by the World Bank, or $4 billion annually, are associa...read more [4]

The Government Accountability Project (GAP) has hailed a 10-page investigative report focusing on corruption at the World Bank. The article in the April 3 edition of US News & World Report focuses on extensive internal problems at the bank including how “kickbacks, payoffs, bribery, embezzlement, and collusive bidding plague bank-funded projects around the world.” The report estimates that more than 20 percent of the loans distributed by the World Bank, or $4 billion annually, are associated with corrupt practices.

Category: 
Global South [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/33188 [6]

Source URL: https://www.pambazuka.org/node/32906

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[3] https://www.pambazuka.org/article-issue/249
[4] https://www.pambazuka.org/print/32906
[5] https://www.pambazuka.org/taxonomy/term/3314
[6] http://www.pambazuka.org/en/category.php/corruption/33188