World Bank and the Gods of Lending by Steve Berkman

World Bank and the Gods of Lending by Steve Berkman

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Summary

Presents evidence of deceptive reporting and lack of due diligence. Using internal reports and memos, project documents and the Bank's Annual Reports as reference, this book demonstrates management's obsession with lending despite the high fiduciary risks involved.

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World Bank and the Gods of Lending by Steve Berkman

Uncovering the World Bank's loan programs in the developing world in ""The Gods of Lending"", author 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. With sixteen years as a Bank staff and consultant, Berkman 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.Using internal reports and memos, project documents and the Bank's Annual Reports as reference, Berkman demonstrates management's obsession with lending despite the high fiduciary risks involved. Taking the reader inside several project fraud investigations, he exposes the ease with which funds can be stolen from the Bank's portfolio, and the degree to which these thefts are ignored. Painting a picture of an institution that is run by a bloated bureaucracy, ""The Gods of Lending"" proposes changes that will rouse the Bank from its bureaucratic complacency and restore its central mission of alleviating poverty.
SKU Unavailable
ISBN 13 9781565492592
ISBN 10 1565492595
Title World Bank and the Gods of Lending
Author Steve Berkman
Condition Unavailable
Binding Type Paperback
Publisher Kumarian Press
Year published 2008-08-30
Number of pages 320
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.