A World Bank investigation has concluded that there is insufficient evidence to disbar from future Bank contracts three international dambuilding companies which have been charged with corruption by the Lesotho High Court. This despite finding that the (unnamed) companies had channelled funds through a middleman who has been found guilty of bribing Lesotho officials. Environmental Defense Fund argues that the Bank’s decision was timed to influence the outcome of the judgement from the High Court, throwing into question the Bank’s commitment to fighting corruption.
New BWP briefing offers critical gender analysis of World Bank lending instrument to borrowing countries.
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.
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