Sunday, November 18, 2007

Bid-rigging and World Bank

The bank's governing board this month blocked a $232 million loan for road-building in the Philippines because it felt bank staff hadn't fully handled corruption issues in reviewing the loan -- and hadn't briefed Mr. Zoellick on the proposal. Investigators had uncovered evidence that China State Construction Engineering Co., a state-owned company, was involved in bid-rigging on an associated loan program, bank officials said.

-World Bank Seeks Right Balance

Comments welcome from any whistle blowers inside the World Bank.

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