Comments on: World Bank Complicit in Indian Corruption http://www.deeshaa.org/2008/01/16/world-bank-complicit-in-indian-corruption/ Mon, 13 Feb 2012 05:41:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ghostwriter http://www.deeshaa.org/2008/01/16/world-bank-complicit-in-indian-corruption/comment-page-1/#comment-113974 ghostwriter Fri, 25 Jan 2008 22:20:26 +0000 http://www.deeshaa.org/2008/01/16/world-bank-complicit-in-indian-corruption/#comment-113974 It gets worse before it gets better. The World Bank anti-corruption chief who was pushing hard against corruption just resigned (or was made to) http://online.wsj.com/article/SB120062149338899483.html?mod=googlenews_wsj The WB is an interesting place. No one wants to borrow from it because of the 'shock therapy' economics that it recommends. Lending has actually fallen and staff positions cut. Now Fulsom comes along and with Wolfowitz (who appointed her) basically says - if we find corruption we will suspend lending (which is what they did). This got them into problems with folks desparate to meet lending targets (google Graham Wheeler). I guess the folks that needed to meet lending targets won. But the approach of stopping funding if corruption was uncovered a good one. At least it limited the Indian tax payer's losses in good time! It gets worse before it gets better. The World Bank anti-corruption chief who was pushing hard against corruption just resigned (or was made to)
http://online.wsj.com/article/SB120062149338899483.html?mod=googlenews_wsj
The WB is an interesting place. No one wants to borrow from it because of the ’shock therapy’ economics that it recommends. Lending has actually fallen and staff positions cut. Now Fulsom comes along and with Wolfowitz (who appointed her) basically says – if we find corruption we will suspend lending (which is what they did). This got them into problems with folks desparate to meet lending targets (google Graham Wheeler). I guess the folks that needed to meet lending targets won.

But the approach of stopping funding if corruption was uncovered a good one. At least it limited the Indian tax payer’s losses in good time!

]]> By: shlok http://www.deeshaa.org/2008/01/16/world-bank-complicit-in-indian-corruption/comment-page-1/#comment-113921 shlok Wed, 23 Jan 2008 18:52:24 +0000 http://www.deeshaa.org/2008/01/16/world-bank-complicit-in-indian-corruption/#comment-113921 interesting post. also, checkout http://babugiri.com A website targeting common man to express thoughts and share experiences dealing with corruption... interesting post.
also, checkout http://babugiri.com
A website targeting common man to express thoughts and share experiences dealing with corruption…

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