Comments on: What to expect from the IMF, World Bank meetings http://blogs.reuters.com/great-debate/2011/04/14/what-to-expect-from-the-imf-world-bank-meetings/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: KarenHudes http://blogs.reuters.com/great-debate/2011/04/14/what-to-expect-from-the-imf-world-bank-meetings/#comment-34622 Mon, 18 Apr 2011 12:23:00 +0000 http://blogs.reuters.com/great-debate/?p=9070#comment-34622 The delicate moment for the World Bank arises from Robert Zoellick’s stonewalling a US Government Accountability Office inquiry into transparency requested by Senators Lugar, Leahy and Bayh. Mr. Zoellick retaliates against whistleblowers intrepid enough to inform Congress and the World Bank’s Board how the World Bank’s Institutional Integrity Department interfered with the Board’s access to information. The abuses of the World Bank’s Institutional Integrity Department are now public knowledge. http://www.whistleblower.org/press/press -release-archive/484-bar-complaint-charg es-former-world-bank-official-with-ethic s-violations Leonard McCarthy, the head of the World Bank’s Institutional Integrity Department, is known for abuse of prosecutorial discretion for political aims. The former head of South Africa’s directorate of special operations led the investigation into the President of South Africa, Jacob Zuma, who was then head of the ANC. In April 2009 South African prosecutors announced that they had evidence Mr. McCarthy and Bulelani Ngcuka, a key ally of the former President Thabo Mbeki, had sought to influence the timing of the case. http://www.telegraph.co.uk/news/worldnew s/africaandindianocean/southafrica/51219 85/World-Bank-official-faces-possible-cr iminal-probe-over-Jacob-Zuma.html Congress is now requiring reform of the Bank and increased oversight before approving the proposed capital increase.
http://foreign.senate.gov/hearings/heari ng/?id=33c66777-5056-a032-525a-a0a580663 4e9 and http://kaygranger.house.gov/index.cfm?se ctionid=12&sectiontree=4,12&itemid=983

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By: leggett http://blogs.reuters.com/great-debate/2011/04/14/what-to-expect-from-the-imf-world-bank-meetings/#comment-34615 Sat, 16 Apr 2011 02:11:02 +0000 http://blogs.reuters.com/great-debate/?p=9070#comment-34615 It should be focusing on the widespread corruption that exists in recipient countries, otherwise the money may as well be put into numbered Swiss bank accounts for Presidents and Governors to squabble over. Even if some of the money does reach it’s target. the profits from these loans are soon skimmed of by corrupt officials and polititions.

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