The World Bank’s president, Robert Zoellick, has ordered a new investigation to find out who was responsible for attempts at a cover-up of a Bank misstep in 2006-07 that led to the demolition of a village in southern Albania. An internal inspection panel report of the International Development Association, IDA, …

Ex-Defense Minister Fatmir Mediu and several former high officials of Albania’s Ministry of Defense were charged on Wednesday with abuse of power over the deadly blast at army depot outside Tirana last March. Apart from Mediu, the indicted included the former Chief-Staff of the Let. Gen. Luan Hoxha, Gen Shpetim …

Aside from its IMF stand-by loan, Serbia is trying to secure more funds from international institutions such as the World Bank and European Commission to help it cope with the global financial crisis and ensure economic stability, Deputy Prime Minister Bozidar Djelic said on Wednesday. “Serbia currently has an aid …