Bank hypocrisy over Nestlé claim

Controversy over a $6 million claim against the Ethiopian government by food giant Nestlé continues. The World Bank, which is mediating on behalf of the Ethiopian government, has called Nestlé's charges "laughable when you consider who the debtor is". However, a Nestlé spokesperson said that the claim was only taken up as a result of the Bank's requirement that the government pay all outstanding claims against it. "According to WB's internal regulation, a country, which had not cleared existing claims against it would not have access to loans and other facilities provided by the Bank."

WB insisting on Addis payment, Addis Tribune

MIGA role in Ethiopian Nestlé claim unclear, Bretton Woods Update 32

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Published: 1 April 2003 , last edited: 7 July 2003

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