[Jeffrey Winters], an associate professor at Northwestern University, said his research suggested World Bank corruption wasted about $100 billion and when other multilateral development banks are included, the total rises to about $200 billion. (International Development)

Like other United Nations agencies, World Bank rules prevent staff from testifying in public so [James Wolfensohn] was not at the hearing. But senior bank officials on Monday privately briefed lawmakers on its anti-Corrupt Ion efforts, a bank spokesman said. So much for the Transparent Society.

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