NGOs, CBOs and academics walked out from the World Bank’s so-called “public consultation” on its Country Assistance Strategy on May 17th.
The World Bank has sacked three staff members after an investigation revealed they had accepted bribes from several Swedish companies in return for steering contracts worth US$900,000 to the firms.
The World Bank and IMF are urged to rethink their approaches to anti-corruption work in a new briefing.
In April the US General Accounting Office has produced a report on the World Bank’s anti-corruption strategy.
Over half of companies breaching World Bank guidelines on fraud and corruption are British.
The Stakeholders Support Group (SSG), formed by Kenyan opposition party members, lawyers and NGOs, is protesting against the resumption of IMF lending, saying that the government has not made the necessary reforms to stamp out corruption.
A new report from Christian Aid investigates how the policies of northern donors and international financial institutions encourage corrupt practices in developing countries.
On 1 July the Bank held an informal Board seminar to discuss “governance indicators”.
A dozen major international dam-building companies involved in the World Bank-funded Lesotho Highlands Water Project (LHWP) have lavishly bribed a top official on the project, allegedly giving nearly US$2 million in bribes over ten years.
The International NGO Forum on Indonesian Development (INFID) has criticised the Bank and Fund for failing to properly supervise the use of loan funds which were intended to help refinance the shattered banking sector.