The World Bank in Armenia NABUCCO and restart the Madrid Principles - the key to resolving the Karabakh conflict:
Funny... As soon as some Russins in EBRD were "announced" suspected in corruption, all world turned and said: It is a habit in Russia. Mr. Mirow (EBRD chairman) said that corruption remains a problem in transition countries, where the EBRD operates. And one could resume that all the others who work in International organizations (but Russians and other CIS countries' representatives) are saints... No-one asked ; how many people sit at the Board of Directors together with the suspected person?
However, another story from another International organization- World bank on corruption case, that it tries to hide...Guess why??? Because this time it is not Russian and not Armenian- but British and US citizens. Even more- even after sufficient evidences- still these people after stealing 85 mln USD continue to work at the World Bank....
Here is the store in short:
The World Bank in Armenia
Every year, the World Bank lends billions of dollars for water sector projects in the developing world. The projects it finances, to deliver public water through private corporations, have a track record of leaving communities dry while transnationals reap unsightly profits. In the months ahead, Corporate Accountability International will be documenting cases from across the globe like this story from Armenia.
In 1998, the World Bank granted Armenia $30 million to upgrade the water supply in its capital city of Yerevan, provided that it hand over the public water utility to a transnational corporation. Despite massive subsidies, the private operator failed to improve basic water delivery in Yerevan. A parliamentary investigation discovered that through a series of crooked deals the corporation misappropriated an estimated $35 million from the Armenian people and amassed over $50 million in debt. Today, water flows from the tap only a few hours a day, and residents live in fear of outbreaks of water contamination. The World Bank refuses to recognize the corruption, and instead continues to insist that the project — and the private contractor — surpassed all expectations.
The World Bank in Armenia investigation
http://better-not-wb-the-wb.blogspot.com/2008/01/world-bank-armenia-corruption-fallout.html
The question is raising: what you - Internationally corrupted guys are doing in post-soviet countries??? Maybe it's time to raise a question on your behavior (as Prof. Stiglitz did once) and shut you done finally???
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