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Oct 19

The Challenge of Corruption in Foreign Aid Projects

Location: The Heritage Foundation's Lehrman Auditorium

Evidence of corruption in foreign aid projects has increased in recent decades. In fact, many experts argue that foreign aid actually perpetuates poverty by giving corrupt politicians in developing countries the resources to maintain their power, while condemning millions to live in miserable conditions with no hope for a better future. The Asian Development Bank, as many other development organizations, have the challenging task of reforming their lending practices to reduce corruption and to better the lives of the poor, not the ruling class. Will these banks be effective in reducing corruption?

More About the Speakers

Peter Egens Pedersen
Auditor General,
Asian Development Bank

Nilmini Gunaratne Rubin
Professional Staff Member for
International Economics,
Senate Foreign Relations Committee

Hosted By

Ana I. Eiras Ana I. Eiras

Senior Policy Analyst on International Economics Read More