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The International Finance Corporation: The World Bank's Private Sector Fraud

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Publication Date: August 1988

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): James Bovard

Topic: Banking and finance (International financial institutions)

Keywords: Economy

Type: Report

Abstract:

If Congress discovers, as seems to be the case, that the IFC - apparently fraudulently - has misused American taxpayers dollars, then neither the World Bank nor the IFC should receive further U.S. funds. If those organizations are not fundamentally reformed, the U.S.
should reevaluate its membership in these bodies.