IFI governance


World Bank pays top dollar in East Timor

10 July 2009

In May, the World Bank was forced to defend the salaries paid to its consultants in East Timor after they were leaked to the press. The salaries, paid by the Bank and donors, ranged from $100,000 to more than $500,000 in a country where half the population live below the poverty line. The Bank insisted that the salaries are in line with internationally accepted market rates. The general secretary of the opposition party, Fretilin, has also accused the Bank of being complicit in covering up allegations of misconduct.