Australia tells big development banks to ‘lift their game’ in the Pacific

There are concerns the World Bank and ADB are giving contracts to low-price bidders who then demand more when budgets blow out

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The Australian government has told big development banks to lift their game" in the Pacific amid concerns they are approving poor-quality, cut-price projects only for the budgets to blow out.

Largely funded by governments, development banks provide grants and low-cost loans to developing countries to help them build infrastructure and other projects.

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