Barbados Borrows Another US$35 Million From The World Bank – With No Accountability, Anti-Corruption Rules Or Oversight

Lucky You!

The Government of Barbados has just borrowed another US$35 Million from the World Bank – this time for HIV/Aids prevention & control for the next five years.

And that is just fine if the money gets spent as it is supposed to be spent.

The problem with Barbados is that we have no anti-corruption rules or legislation to govern how the money will be spent, and no transparency and freedom of information laws to allow citizens to effectively monitor how their government spends the citizens’ money.

Prime Minister David Thompson refuses to announce as policy that the government will not award contracts to businesses owned by government officials or their immediate family.

How much of the taxpayers’ US$35 million will be used as intended?

Perhaps a better question would be… Without freedom of information laws, how could a citizen know one way or the other how the money is being spent or misspent?

Further Reading

Press Release: Barbados Government Borrows US$35 Million From World Bank

Advertisements

4 Comments

Filed under Crime & Law, Politics & Corruption

4 responses to “Barbados Borrows Another US$35 Million From The World Bank – With No Accountability, Anti-Corruption Rules Or Oversight

  1. Barbadian Trustee

    When these funds were first announced several years ago David Shorey was the Barbadian Trustee. One can only hope this has been changed?

    What do public documents show?

  2. Fool me once

    Will any $ be spent on AIDS sufferers or the usuel gang of consultants?

    Does anyone know how many cases here in BIM we have?

  3. 329.18

    The war on AIDS
    has its parallels with the war on d..gs
    in that both are failing miserably!

    The first war falls on deaf ears
    mainly because endorphins are more appealing than common sense
    -the second because the only thing we learned from Prohibition History
    is that we don’t learn from Prohibition History.

  4. Luke

    come on BFP, we both know there’s a handwritten I OWE U, or an MOU sitting around somewhere.

    Better yet, when they get challenged to produce it they will show over 80 approved technical plans for the highway****

    Oops, I mean, 80 documents to support the loan.