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.
How Multinational Investors Evade Developed Country Laws
Infrastructure Governance and Corruption: Where Next?
Bank adopts new SME lending approach