Saturday, January 28, 2006

Anti-Corruption Group Blasts World Bank's Loan to Kenya


The anti-corruption group, Transparency International, has blasted the World Bank for loaning Kenya $25 million to fight corruption, following allegations implicating four senior ministers, including the vice president, in financial scandals.

The World Bank credit is to be used to strengthen checks and balances in budgeting procedures, financial management, and auditing in several key ministries of the Kenyan government.

The lead economist at the World Bank's Kenya office, Fred Kilby, explains.

See full Article.