June 10, 2009 2:23PM

World Bank Criticizes Corruption in Argentina, Then Awards its Government $2 Billion

According to the Argentine daily La Nación [in Spanish], the World Bank warned yesterday about “corruption, money laundering, inflation, indebtedness and nationalizations in Argentina.” Then the WB went ahead and approved a series of loans to the country for approximately $2 billion.

The Argentine minister of Labor said that the credits were “a good sign of confidence” by the World Bank on the country.