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Protecting Whistleblowers since 1977

International

At World Bank, Confidentiality Can Be Used To Conceal Misconduct

Bea Edwards, July 01, 2011

In a troubling development, a ruling handed down this month by the World Bank Administrative Tribunal held Bank management responsible for breaches of confidentiality, even when the "confidences" exposed revealed serious misconduct. The case, which echoes an earlier ruling, involved facts (revealed to the press and published) about a staff member and his corrupt business relationships, as well as a concealed conflict of interest.

Africa Report's Review of World Bank is Spot-on

, June 07, 2011

Last fall, Taimour Lay wrote a review of World Bank performance by topic area for The Africa Report, titled The World Bank: Does It Pass the Test?

Why IMF Whistleblowers Were Silent

Shelley Walden, May 18, 2011

 

Corruption in Egypt Should Disqualify World Bank from U.S. Recapitalization

Bea Edwards, April 26, 2011

In the US budget for FY2012, the Obama administration requests Congressional approval of a $3.3 billion contribution for international financial institutions (IFIs). A significant proportion of this amount would partially recapitalize the World Bank, now struggling financially as a result of the 2008/2009 international economic crisis. When Treasury Secretary Timothy Geithner testified before Congress on March 9, 2011 in support of the appropriation, he was asked if, in his estimation, the IFIs were addressing issues of corruption effectively enough to warrant recapitalization.

Arab Uprisings Show the Impact of the World Bank and the IMF

Teresa Bouza, April 22, 2011

Teresa Bouza, of EFE has written an important article about the World Bank, the IMF and recent developments in the Middle East. The original piece, in Spanish, was published in ABC on April 16th. With her permission, we’re printing a translation of her piece.

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Geithner Asks Congress To Fund The Development Banks, Claiming They're Not As Corrupt As They Used To Be

Bea Edwards, March 31, 2011

This week the Inter-American Development Bank (IDB) wrapped up its Annual Meeting in Calgary, Canada. The stream of press releases issuing from there included one about accountability, which, for unknown reasons, referred to the 2010 Development Effectiveness Overview.

The Satyam Fraud, Two Years Later

Bea Edwards, January 11, 2011

Roughly two years ago, Ramalinga Raju, the CEO of Satyam Computer Services, confessed to his board that the company -- the fourth largest IT outsourcer in India at the time -- was insolvent.

Satyam Scandal Still Haunts World Bank

, December 16, 2010

Last week, Senator Lugar sent out a press release, "Lugar Urges International Development Banks to Step Up Corruption Cases." Bless the man for trying to uphold notions of honesty not-currently-in-vogue in most of the rest of the world -- or in government for that matter. Lugar had asked the multilateral development banks about how they addressed criminal violations in their operations, when such crimes came to light.

Lugar Urges Development Banks to Report Corruption for Prosecution

Bea Edwards, December 08, 2010

Senator Richard Lugar released a statement on Tuesday in which he urged all multinational development banks to refer companies and consultants suspected of fraudulent or corrupt practices to relevant national authorities. The development banks -- including the World Bank, African Development Bank, Asian Development Bank (ADB), European Bank for Reconstruction and Development, and Inter-American Development Bank (IDB) -- previously reported their practices in this area of anti-corruption work to Sen. Lugar at his request.

World Bank Administrative Tribunal Fails to Reinstate Vindicated Whistleblower

Shelley Walden, November 23, 2010

Last week, the World Bank Administrative Tribunal released its latest decisions.

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