The case of alleged fraud and corruption at Ethiopia Commodity Exchange By Wondwossen Mezlekia March 19, 2012 The Ethiopian Federal Ethics and Anti-corruption Commission’s annual report presented to the Parliament in May 2011 added Ethiopia Commodity Exchange (ECX) to the list of institutions whose practices are open for corruption, without disclosing what impelled the Commission to review ECX's working procedures and practices. [1] Curiously, what the Commission avoided mentioning is the purported scandal involving an international procurement worth 4,855,800 USD or 84,102,456 Ethiopian Birr, which led the World Bank to cancel the loan it had previously granted. In so doing, the Commission is apparently giving ECX a slap on the wrist for a serious allegation that warrants nothing short of a full and in depth investigation. In 2009, the International Development Association (IDA) approved the government's request to funnel part of the money it borrowed for th...