Corruption at the World Bank:

Senior Counsel for the World Bank legal department reports corruption in the World Bank, and within other member countries.

Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association.

…”This comment on Bloomberg at the bottom of the email shows that the Federal Reserve Board’s day at the trough is finally ending. On July 22, 2013 Senior Judge Susan R. Winfield of the DC Superior Court, Criminal Division, dismissed criminal trespass charges that were brought against me when I reported back to work at the World Bank after having been reinstated by the 188 Ministers of Finance on the World Bank’s Board of Governors.  The US District Attorney for the District of Columbia, Ronald C. Machen, Jr., had to drop the case when I argued that my prosecution on false trespass charges was causing the World Bank’s members to lose confidence in US’ commitment to the World Bank.  “[C]ountries will be reluctant to cooperate unless they are convinced that other countries are also committed to doing so.”

“I argued that the World Bank was needed to prevent an economic armageddon as people lost confidence in the paper currency issued by the Fed.  Before my hearing, I made sure that the District of Columbia, Virginia, and Maryland knew that countries had been threatening to further decentralize jobs in the World Bank’s headquarters in Washington because of the corrupt business climate, and of the decision of Brazil, Russia, India, China and South Africa to set up their own development bank.” — KAREN HUDES, Whistleblower from the World Bank




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