CGD in the News

Bill Gates is Right: Corruption Isn't the Problem We Think It Is (Bloomberg Businessweek)

February 05, 2014

From the Article:

Gates suggested kickbacks and bribes are “an inefficiency that amounts to a tax on aid”—but not nearly a significant enough problem to justify shuttering support. Gates’s relaxed language is unique among the heads of the world’s donor organizations. Compare, for example, World Bank President Jim Kim. He recently declared that “in the developing world, corruption is public enemy No. 1,” and that “we will never tolerate corruption.”

Read it here to find out what the bigger challenges may be.