Cato @ Liberty » World Bank Criticizes Corruption in Argentina, Then Awards its Government $2 Billion

World Bank Criticizes Corruption in Argentina, Then Awards its Government $2 Billion

Posted By Juan Carlos Hidalgo On June 10, 2009 @ 2:23 pm In International Economics and Development | Comments Disabled

According to the Argentine daily La Nación ^[1] [in Spanish], the World Bank warned yesterday about “corruption, money laundering, inflation, indebtedness and nationalizations in Argentina.” Then the WB went ahead and approved a series of loans to the country for approximately $2 billion.

The Argentine minister of Labor said that the credits were “a good sign of confidence” by the World Bank on the country.

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[1] La Nación: http://www.lanacion.com.ar/nota.asp?nota_id=1137708

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