World Bank to Double Africa Aid
March 11th, 2008 . by adminWhen 90% of the World Bank Funds are lost due to corruption, why do we need to double any further aid?
When 90% of the World Bank Funds are lost due to corruption, why do we need to double any further aid?
Corruption is an endemic problem in bank projects, swallowing unknown but significant chunks from its $30 billion-plus annual portfolio. No less a problem has been the bank staff’s ferocious resistance to anything that might stand in the way of its lending ever more money to projects run by the same governments that tolerate this malfeasance.
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