Over the past six years, the International Finance Corporation has channelled over $50bn to the financial sector. However, the evidence continues to grow that this private sector arm of the World Bank Group has little control over how a great deal of this money is spent.
Donor governments are prioritizing aid ‘results’ in advance of the Fourth High Level Forum on Aid Effectiveness (HFL4) in Busan, Korea, due to take place at the end of 2011.
