Tuesday, March 15, 2005

World Bank in Africa

The World Bank has welcomed the release of the Commission for Africa Report which calls for doubling of aid to Sub-Saharan Africa, including $150 billion investment in infrastructure over the next decade.

However, former staff of the Bank and the US Congress are accusing the World bank of "cooking the books" when it comes to Africa - one allegation is that problems in a World Bank accounting system produced tens of millions of dollars in errors, which were then offset by ad hoc adjustments.

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