Friday, 25 July 2003 |
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10 to 30 percent loss on WB financed projects due to corruption, frauds By Channa Kasturisinghe Corruption and frauds in World Bank financed projects lead to an annual loss of 10 to 30 percent of funds allocated mainly for poverty alleviation projects internationally, Christina Ashton-Lewis, Senior Institutional Intergrity Officer of the World Bank said.The visiting senior WB official made an awareness presentation on how the WB investigates allegations of fraud and corruption in the Bank Group projects at the World Bank Conference Room, Colombo on Wednesday. Full story Other Stories |
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