 | ISBN: 978-1-56549-259-2 $28.50 | |
| 2008/299 pages/LC: 2008010159 A Kumarian Press Book | ||
Looking at the realities of the World Bank's loan programs in the developing world, Steve Berkman finds nothing but mismanagement and hypocrisy: decades of assistance without any significant improvement in the lives of the poor; billions loaned for improving governance, health care, and education with little to show for it; and donor funds given to dysfunctional government institutions or officials with a history of looting national treasuries.
Berkman takes the reader inside several project fraud investigations to expose the ease with which funds can be stolen from the Bank's portfolio—and the degree to which these thefts are ignored. He also presents compelling evidence of deceptive reporting and lack of due diligence as billions of dollars are wasted every year on corrupt and ill-conceived programs. Then, going beyond the gloomy picture, he proposes practical ways that the Bank can make meaningful changes in the interests of fulfilling its mission to alleviate poverty.
"Compelling and refreshingly direct. What World Bank officials typically refer to as 'leakage,' Berkman names theft, embezzlement, and corruption. Highly recommended."—Choice
"A long awaited expose of gross mismanagement and cover-ups…. [Berkman] demands a fundamental overhaul of the Bank's management and proposes realistic measures to curb corruption in its lending program."—Gerald E. Caiden, University of Southern California
"With this book we have a critical perspective only an insider can provide. It is a passionate, informed, and devastating first-hand account from the frontlines of World Bank operations. Students, development professionals, and especially policymakers in Washington should read it."—Jeffrey A. Winters, Northwestern University