The Scent of Money and the Stench of Corruption

Cotton Made in Africa: A Field Report by Roger Peltzer

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The Scent of Money and the Stench of Corruption

Dams and corruption

When there is a chance to push a big loan out the door, some people just can’t say no. Every World Bank President since James Wolfensohn has committed to fight the cancer of corruption. For more than ten years, the Bank has talked the talk, but has not walked the walk. Peter Bosshard comments on the latest dam project in pipeline.

In April, an internal evaluation gave the institution the lowest possible grade for its anti-corruption efforts. As if to prove the point, the World Bank is now considering support for a multi-billion dollar project which squarely violates its procurement guideline and shows all red flags of corruption: the Gibe 3 dam in Ethiopia ...

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Issue 3/May-Jun 2010
Minister Niebel's Leitmotiv: German Interests + Greece's Baltic Future + World Bank and Gender + Trade Union Rights
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Making the MDGs More Sustainable + Lisbon Treaty and EU Development Cooperation + Reconciling and Livestock Production? + The IMF's Green Fund
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The Superiority of the Financial Transaction Tax + Global Unemployment on Record Levels + New Beginning in European Development Policy? + Clean Development for the South
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Global Economic Prospects for 2010 + Does Copenhagen Really Matter? + Quo Vadis, German Development Cooperation? + Mapping Social Protection in South Asia
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A New Exchange-Rate Management + Dams and Corruption + World Bank Promotes Land Grab + ODA and Low Tax Countries
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