Tuesday, February 8, 2011

Darling of development world, stung by corruption problems, says others in worse shape

Click here to read more of this AP story


GENEVA - A $21.7 billion health fund championed by the rich and famous has come under harsh scrutiny amid revelations it's bleeding money to corruption. But fund officials and outside experts in the field have a stark message for global development: other aid agencies are in much worse shape.

"The others should follow our lead," the fund's inspector general, John Parsons, told a press conference Monday organized by the fund's top officials to discuss an Associated Press story about $34 million in losses in several African nations.

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