Also, excerpt from WSJ (requires subscription):
WASHINGTON — The World Bank announced that it has uncovered “serious incidents of fraud and corruption” in $570 million in health projects it funds in India.
An internal review launched in 2006 turned up wrongdoing in five projects dating as far back as 1997, including efforts to curb malaria, AIDS and tuberculosis, the bank said Friday in a news release.
Those initial corruption findings led the bank’s then-president, Paul Wolfowitz, to suspend health loans to India until it addressed concerns about procurement procedures. Mr. Wolfowitz’s move created a stir at the bank, especially with the United Kingdom. The former colonial power in India argued that cutting off loans would hurt the poor, not just the corrupt, and that lending should continue while the bank and government addressed the corruption problem.
For some reason, this sounds eerily similar to the arguments of the ACLU and the Dems in the Indiana Voter ID case...
“The former colonial power in India argued that cutting off loans would hurt the poor, not just the corrupt, and that lending should continue while the bank and government addressed the corruption problem.”
Wow, they’ve got their talking points and reactions down pat! Next they’ll need more money to stamp out the corruption.