16 May 2006
The institution is currently funding 53 projects in India, totaling almost $12 billion.
The World Bank's Department of Institutional Integrity is reportedly investigating allegations of corruption in six Bank-funded projects in India, newKerala.com reports.
Projects being targeted are in the health, power and transportation sectors, the Hindustan Times claims.
The allegations follow the recent cessation of funding for health projects in the country, also due to allegations of corruption.
The institution is currently funding 53 projects in India, totaling almost $12 billion.
World Bank President Paul Wolfowitz has targeted corruption in Bank-funded projects since taking office last spring, and has halted funding to countries including Chad, Kenya, Congo Braazaville and Bangladesh due to corruption allegations. The Development Committee asked the institution to develop a framework for tackling corruption at last month's World Bank/IMF Spring Meetings.
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