World Bank chief denies corruption claims

World Bank president James Wolfensohn has dismissed United States allegations that billions of dollars of bank funding was misused as "frivolous".

In his first public remarks since a US Senate Foreign Relations Committee hearing on May 13 that looked into corruption at multilateral agencies, Mr Wolfensohn said the World Bank was leading the fight against corruption in the development community.

"We have more investigators and more programs on corruption than I think the entire rest of the deve

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