Thursday, April 12, 2007

China Threatens to Refuse Funding if Corruption Investigation Not Stopped

In a story in today's newspaper
"For Wolfowitz, Slings and Arrows: World Bank Chief's Leadership Role Called Into Question"
Krissah Williams
The Washington Post
Thursday, April 12, 2007; Page D01
I read:
This week, bank officials said they hired a Washington law firm to hunt down the source of the unauthorized disclosures, which included an internal e-mail noting that the bank had received a warning from China that it might halt future borrowings if Wolfowitz refused to curb anti-corruption investigations.
Comment: Seems like a "no brainer" to me. If they are afraid of the investigation, don't lend them the money. Let them borrow on unsubsidized financial markets. . JAD

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