Tuesday, 10 July 2012

Corruption, Dysfunction & Whistleblower Retaliation at the World Bank

World Bank headquarters in Washington, DCForbes: World Bank Spinning Out of Control – Corruption, Dysfunction Await New Head
Summary: With a new World Bank president taking office this coming Saturday, this Forbes cover story looks at how corruption and mismanagement permeates the ranks and programs of the institution. The Bank, as the long-form article details, is plagued by mission-creep from major donor countries, widespread opaqueness in procedures, continual decision-making marked by conflicts of interest, and questionable financial practices. According to a former director interviewed by Forbes, “the inmates are running the asylum.”

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