Contradictory docs for Cairo refinery reveal disdain for transparency by European Bank officials in first major IFI-financed project since revolution started

Contradictory docs for Cairo refinery reveal disdain for transparency by European Bank officials in first major IFI-financed project since revolution started

A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly...
UK DfID implicated in money-laundering investigation

UK DfID implicated in money-laundering investigation

Our friends at Corner House and Jubilee Debt Campaign have monitored how the UK government has given aid money to corrupt private equity firms in Nigeria. Below is the press release. It’s long, but well worth reading if you want understand how Western aid policy can undermine development. Campaigners slam Government’s development approach as DfID-backed...