A US Senate Committee found that the World Bank and US government institutions financed "questionable payments" by Enron for a Guatemalan power project.
Anti-corruption
Accountability
News
Bank silent on corporate corruption in Lesotho
Controversy over the call for debarment of a Canadian contractor is proving a litmus test of the Bank's commitment to apply the same standards to corrupt Northern companies as it does to Southern governments.
Accountability
Background
How the World Bank deals with fraud and corruption in its projects
"Let's not mince words: we need to deal with the cancer of corruption . .…
Accountability
News
Bank, Fund moves on extractives transparency
The World Bank and the IMF pledged their support to the “Extractive Industries Transparency Initiative” in statements made at a high-level conference in London on 17 June.
Accountability
News
GAO faults Bank on internal controls and performance measurement
In a recent report the General Accounting Office said that it is currently difficult to know whether internal controls at the World Bank are sufficient to ensure that funds disbursed are used for their intended purposes.
Accountability
News
IFIs withhold support from Equatorial Guinea
The IMF and the WB will withhold assistance from Equatorial Guinea until President Obiang accounts for the use of oil revenues.
Social services
News
Arrest of IMF employee points to cover-up
IMF’s failure to clarify its role in hiring and assisting a technical adviser indicted on various counts of high-level corruption seriously undermines credibility on “good governance” agenda.
Accountability
News
IMF Manila rep moved after data leaks
The IMF is replacing the head of its Manila mission, Joshua Felman, after he was linked to leaks of confidential information.
Accountability
News
UK government reply to Baku-Ceyhan memo
Letter from Rt Hon Baroness Symons, UK Minister of State International Trade and Investment in response to NGO memorandum on the Baku-Ceyhan oil pipeline.
Rights
News
Indonesian experience casts doubts on Bank anti-corruption efforts
An Indonesian NGO complains that the Bank’s Department of Institutional Integrity has not been sufficiently transparent and achieved limited results.
Featured briefings
12 December 2024
The Bretton Woods Observer: Winter 2024
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.