Includes bibliographical references and index.

"Uncovering the World Bank's loan programs in the developing world, author Steve Berkman finds nothing but mismanagement and hypocrisy. Using internal reports and memos, project documents and the Bank's Annual Reports as reference, Berkman demonstrates management's obsession with lending despite the high fiduciary risks involved. Taking the reader inside several project fraud investigations, he exposes the ease with which funds can be stolen from the Bank s portfolio, and the degree to which these thefts are ignored. In describing the World Bank's vulnerability to corruption, Berkman offers a new perspective on ways to make public organizations live up to their stated goals."--Jacket.

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