World Bank President Paul Wolfowitz has said that the lending institution would team up with developing countries to weed out corruption.
"Corruption is often at the very root of why governments don't work. It weakens the systems and distorts the markets. In the end, governments and citizens will pay a price, in lower incomes, lower investments and more volatile economic swings," he said.
Last month, the Bank suspended $150 million assistance to the Mumbai Urban Transport Project for not complying with resettlement issues.
See full Article.
Posts
