CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

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World Bank flayed for funding failed projects

Published: 27 Apr 2013 - 02:59 am | Last Updated: 02 Feb 2022 - 02:09 pm

 

 

ISLAMABAD: Amid increasing footprints of international donors, Planning Commission chief Dr Nadeemul Haque has criticised the World Bank for throwing money behind failed projects and venturing into areas that are not so important for the revival of the economy.

Haque’s remarks reflect an effort to highlight the donor-bureaucrat nexus that has led to unchecked benefits for bureaucrats and donor agencies alike, which is widening the debt burden of the country.

Haque came down hard on the Washington-based lending agency at a time when the WB was ready to offer another $300m in the name of tax reforms despite failure of the previous $150m support for the same purpose. 

Internews