The World Bank has talked about fighting corruption much more loudly since the current President took over and we are seeing action as well as words. This is welcome.
Those countries that wish to take advantage of the World Bank need to remember that the funds provided are for the purpose and not for the intermediaries, whoever they may be.
Onésimo Alvarez-Moro
See article:
The decision by the World Bank to withhold a billion dollars-worth of loans needed for vital health projects in India – including the eradication of polio and TB vaccination – has posed some tough questions to India's governing classes.
Crudely stated, the World Bank has turned off the tap to India's most prestigious health programme because India's government – and particularly India's health and pharmaceuticals sector – is too greedy, venal and corrupt to spend the money properly.
As a top-dressing to this bold move, Michael Carter, the World Bank's India chief, broadcasts some truly shaming statistics in an article published in today's Indian Express.
India – for all the clapping and shouting about economic progress and joining the "top table" of nations – is failing its people.
See full Article.
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