jackovesk
26th September 2011, 06:07
Australia signs 'Aid Pact' with World Bank..!
September 24, 2011
http://ts2.mm.bing.net/images/thumbnail.aspx?q=1289181600013&id=1082f9a906e26f912b92d14c405599bc&url=http%3a%2f%2fwww.sbs.com.au%2fnews%2fresize%2findex%2fid%2f301813%2fw%2f300%2fh%2f225%2f7120_rud d-worldbank-110924-b-aap.jpg
AUSTRALIA has joined with the World Bank in a pact aimed at helping developing countries in the Asia-Pacific and other regions.
The Partnership Framework, announced by Foreign Minister Kevin Rudd and World Bank president Robert Zoellick in Washington on Friday, comes after a major review of Australia's aid program in July which recommended Australia boost partnerships with multilateral institutions.
Mr Rudd announced then that Australia would slash its aid to China and India but boost spending in Southeast Asia, the Pacific Islands, the Middle East and Africa.
Mr Rudd said the partnership with the World Bank would bring more aid money and expertise into the region.
"Working with the bank not only helps us leverage additional financial resources to our region, but also the bank's impressive development expertise, knowledge, research and analysis," he said.
It will also expand the scope of the partnership across the world.
"We're engaged with the bank, not just in the Asia-Pacific but much more widely now, whether it's in Africa, whether it's in parts of Latin America, or elsewhere," he said.
Mr Zoellick praised Australia's "generous" contributions to its fund for the poorest countries, the International Development Association (IDA), and the country's recent aid efforts in Tonga, adding that increased financial aid for the region will not be the only outcome of the partnership.
"It's not only aid, importantly, but it's private investment in telecommunications, expanding business and investment opportunities, trying to make the region more sustainable while at same time linked to bigger countries such as Australia," he said.
It's understood the partnership will also focus on helping developing countries manage their environment, water, and other natural resources, and reducing their vulnerability to natural disasters.
http://www.theaustralian.com.au/news/breaking-news/australia-signs-aid-pact-with-world-bank/story-fn3dxity-1226145236153
PS - The Heading should have read:
"Australia Joins the World Bank's Economic HITMEN..!"
"It's not only aid, importantly, but it's private investment in telecommunications, expanding business and investment opportunities, trying to make the region more sustainable while at same time linked to bigger countries such as Australia," he said.
It's understood the partnership will also focus on helping developing countries manage their environment, water, and other natural resources, and reducing their vulnerability to natural disasters.
Sacked former PM Kevin Rudd (nickname: Dr Death) is one of the most 'Dangerous' Politicians to ever be elected in Australia.
He will 'Sell Australia Out' in a 'Heartbeat' to satisfy his own 'Selfish Ambition' to FUND (Using Aussie Tax Payer $Dollars) a high-ranking position within the UN..!
April 20, 2010
An unprecedented internal World Bank evaluation made public last year found that the institution failed to adequately address the risks of fraud and corruption in its assistance to poorer countries.
A report released by the Senate Foreign Relations Committee in March confirms these findings and recommends that new funds and capital increases not be authorized for the World Bank and other multilateral development banks until major reforms are in place. This paper highlights these and other findings. It then describes concerns that the World Bank may diminish its emphasis on supervision of its operations and compliance with its policies in ways that could undermine efforts to address corruption and achieve greater development effectiveness.
Alarming Findings
The evaluation, “IDA Internal Controls,” which was prepared by the World Bank’s Independent Evaluation Group (IEG), found a material weakness and six significant deficiencies in compliance with the Bank’s Articles of Agreement and Operational Policies. The nearly 700 page report, completed in 2008 by the Bank’s Independent Evaluation Group (IEG), was made public in April 2009.
:director: http://www.boell-pakistan.org/downloads/WB_Corruption.pdf
September 24, 2011
http://ts2.mm.bing.net/images/thumbnail.aspx?q=1289181600013&id=1082f9a906e26f912b92d14c405599bc&url=http%3a%2f%2fwww.sbs.com.au%2fnews%2fresize%2findex%2fid%2f301813%2fw%2f300%2fh%2f225%2f7120_rud d-worldbank-110924-b-aap.jpg
AUSTRALIA has joined with the World Bank in a pact aimed at helping developing countries in the Asia-Pacific and other regions.
The Partnership Framework, announced by Foreign Minister Kevin Rudd and World Bank president Robert Zoellick in Washington on Friday, comes after a major review of Australia's aid program in July which recommended Australia boost partnerships with multilateral institutions.
Mr Rudd announced then that Australia would slash its aid to China and India but boost spending in Southeast Asia, the Pacific Islands, the Middle East and Africa.
Mr Rudd said the partnership with the World Bank would bring more aid money and expertise into the region.
"Working with the bank not only helps us leverage additional financial resources to our region, but also the bank's impressive development expertise, knowledge, research and analysis," he said.
It will also expand the scope of the partnership across the world.
"We're engaged with the bank, not just in the Asia-Pacific but much more widely now, whether it's in Africa, whether it's in parts of Latin America, or elsewhere," he said.
Mr Zoellick praised Australia's "generous" contributions to its fund for the poorest countries, the International Development Association (IDA), and the country's recent aid efforts in Tonga, adding that increased financial aid for the region will not be the only outcome of the partnership.
"It's not only aid, importantly, but it's private investment in telecommunications, expanding business and investment opportunities, trying to make the region more sustainable while at same time linked to bigger countries such as Australia," he said.
It's understood the partnership will also focus on helping developing countries manage their environment, water, and other natural resources, and reducing their vulnerability to natural disasters.
http://www.theaustralian.com.au/news/breaking-news/australia-signs-aid-pact-with-world-bank/story-fn3dxity-1226145236153
PS - The Heading should have read:
"Australia Joins the World Bank's Economic HITMEN..!"
"It's not only aid, importantly, but it's private investment in telecommunications, expanding business and investment opportunities, trying to make the region more sustainable while at same time linked to bigger countries such as Australia," he said.
It's understood the partnership will also focus on helping developing countries manage their environment, water, and other natural resources, and reducing their vulnerability to natural disasters.
Sacked former PM Kevin Rudd (nickname: Dr Death) is one of the most 'Dangerous' Politicians to ever be elected in Australia.
He will 'Sell Australia Out' in a 'Heartbeat' to satisfy his own 'Selfish Ambition' to FUND (Using Aussie Tax Payer $Dollars) a high-ranking position within the UN..!
April 20, 2010
An unprecedented internal World Bank evaluation made public last year found that the institution failed to adequately address the risks of fraud and corruption in its assistance to poorer countries.
A report released by the Senate Foreign Relations Committee in March confirms these findings and recommends that new funds and capital increases not be authorized for the World Bank and other multilateral development banks until major reforms are in place. This paper highlights these and other findings. It then describes concerns that the World Bank may diminish its emphasis on supervision of its operations and compliance with its policies in ways that could undermine efforts to address corruption and achieve greater development effectiveness.
Alarming Findings
The evaluation, “IDA Internal Controls,” which was prepared by the World Bank’s Independent Evaluation Group (IEG), found a material weakness and six significant deficiencies in compliance with the Bank’s Articles of Agreement and Operational Policies. The nearly 700 page report, completed in 2008 by the Bank’s Independent Evaluation Group (IEG), was made public in April 2009.
:director: http://www.boell-pakistan.org/downloads/WB_Corruption.pdf