Wednesday, February 11, 2009

World Bank President Orders Investigation of Project That Destroyed Powerless Albanian Village

Wednesday, February 11, 2009 By Richard Behar

The president of the World Bank has ordered investigators to find out who was responsible for the cover-up of a $39 million World Bank sponsored development project that led to the razing of an Albanian coastal village in 2007.

Robert Zoellick made the decision to probe the scandal — the World Bank management's third attempt to get to the bottom of the Albanian debacle — last December, but only went public with his decision on Feb. 9, hours after a FOX News story on the subject appeared.

In the story, FOX revealed that managers at the World Bank, the world's largest and most influential anti-poverty agency, had provided false information in order to get a go-ahead for financing of the project from the bank's board of directors in 2005 — and then spent additional years trying to cover up its actions.

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