World Bank was “Enron pawn”

8 May 2002

A report released by the Institute for Policy Studies (IPS) claims the World Bank provided over $750 million in assistance to Enron power projects in seven different countries in the 1990s. Enron also seconded staff to the Bank through the World Bank Staff Exchange Programme. It has also emerged that former Enron CEO Ken Lay joined a Washington think tank panel in 1996 that was examining the World Bank’s future role. Mr. Lay attempted to convince the Bank to stop funding social programmes.

Enron’s Pawns: How public institutions bankrolled Enron’s Globalization Game