THE thieves in the Arroyo administration came into the scene late. The world has undergone a sea change since the time of the notorious looters of their nation’s wealth like our own Ferdinand Marcos. Corruption is no longer tolerated by bilateral and multilateral agencies that provide assistance, whether in the form of grants and loans. Yet it is probably in recognition of the fact that it is much harder to steal now that the thieves are frantically seeking to further line their pockets while the opportunity, however tight, lasts.
Current attention is focused on the World Bank’s findings of collusion in the bidding for WB-funded projects. Contractors apparently have to submit over-priced bids not so much to improve their bottom line but rather to safeguard it.