World Bank President Paul Wolfowitz on Wednesday asked the Indonesian Corruption Eradication Commission (KPK) to help supervise the bank's projects in the country.

The former U.S. ambassador to Indonesia met with KPK Chairman Taufiequrrachman Ruki here to express concern about rampant corruption in projects funded by World Bank, one of the country's biggest multilateral lenders.

"Hundreds of companies and individuals have been found involved in corruption cases in our projects. We have put them in the black list," Wolfowitz told a news conference after the meeting.

The World Bank has pledged a loan of 900 million U.S. dollars to Indonesia this year to help the government boost economic growth, reduce poverty and institute better governance.

Around 200 million dollars of the loans would have highly favorable terms, such as low interest rates and long repayment periods.

In a meeting Tuesday with President Susilo Bambang Yudhoyono, Wolfowitz also delivered the same message about crucial efforts to clean up notorious corrupt bureaucracy and judicial system if Indonesia wanted to attract more investment and stimulate economic growth.

"Indonesian investors will tell you the same thing, that the biggest discouragement to investing your money here is corruption, " he said after meeting the president.

Source: Xinhua