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The World Bank, Red Flags and the Looting of Nigeria's Oil Revenues
Nicholas Hildyard

20 October 2018

The World Bank has invested almost a quarter of a billion dollars in Seven Energy, an oil and gas company operating in Nigeria. Months before the first investment was made, the then Governor of Nigeria's Central Bank alleged that the company's flagship contract involved operating a scheme that was looting billions of dollars in state revenues. A number of the people associated with the contract are now either on the run or charged with money laundering.

A critical perspective on the financialisation of infrastructure, PPPs and mega-corridor projects
Nicholas Hildyard

13 December 2016

This presentation challenges the current rush towards mega infrastructure projects that are being planned the world over as a means of boosting economic recovery.

file iconInfrastructure Critical Perspective

NGO letter to EBRD President
on Updated Analysis and Continued Opposition to Financing for Sakhalin II
15 NGOs

2 August 2007

In August 2007, the European Bank for Reconstruction and Development (EBRD) was considering financing the Sakhalin II oil and gas project. Some 15 environmental organisations wrote this updated analysis and renewed their call for the Bank to decline financing.

file iconNGOs letter to EBRD

Incentives and Disincentives for World Bank Staff
and Other Institutional Matters
Larry Lohmann

3 May 1994

The decisive piece of evidence for the cosmetic nature of the World Bank's periodic claims to be reforming itself is that its staff are given no incentives to change their ways. The operative incentives for those who want to get anywhere at the Bank have always been to move lots of money, to find jobs for the boys, and to get and stay involved in lots of projects. This talk illustrates this predicament by referring to an "implementation review" of the Bank's forest policy.

 

file iconINCENTIVES for the World Bank.pdf