World Bank on aid losses through corruption

[Mark Jones]

If what I say during my time in Russia is any guide, it's POLICY to let the
elites rip off the aid budgets. How else can you bind a resource-rich country
like Russia into the system?

Mark

Chris Burford wrote:


> At 09:02 AM 8/19/98 -0400, you wrote:
> >Today, Aug 19, the WSJournal reports the World Bank estimating 20% of Bank
> >project money in Indonesia was siphoned off by officials.  For development
> >funds generally they estimate 20 to 30%.  I've seen other, higher, figures
> >on this list, maybe up to 50%.  Anyone care to comment?
> >
> >Randy Earnest
>
> I suspect a degree of cultural arrogance in this. Although Suharto's
> cronies appear to be widely detested, the giving of gifts to establish
> trust, social status, and reliability is not a silly custom, even if it not
> very progressive. These sorts of headlines, are designed to justify a
> thorough bourgeois revolution in business practices, which will benefit
> major transnational companies.
>
> Chris Burford
>

--
Mark Jones
http://www.geocities.com/~comparty