World Bank joins the way to the bottom

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    World Bank Investigation Report

    The World Bank is another organization that shows the economic atmosphere is so corrupt that it is hard to imagine that the world economic system can hold together for much longer

    The World Bank's Integrity Vice Presidency (INT) takes up one floor of a building on the periphery of World Bank headquarters. It is, in a sense, the World Bank’s police force. The INT has 87 staff – of a total of over 12,000 people working for the Bank – and an $18.5 million budget to eradicate the “cancer of corruption” that was first diagnosed by Wolfensohn, World Bank Group president in the 1990s. INT investigators have five offences in their crosshairs: fraud, corruption, collusion, coercion and obstruction. They hunt them down on two distinct terrains: External investigations target entities working on projects with the World Bank, while internal investigations look into allegations of fraud and corruption within the Bank.

    There have been stories in the media about the World Bank for a number of years but it can't go on for ever it must have an ending

    One of the examples that is detailed in the following story shows a grant of $30 million provided to repair and replace the drinking water supply in Yerevan in Armenia
    Water supply the same, money gone, it is alleged that all they bought was some paint, to paint the old bits to make them look new

    France 24
 
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