Saturday, January 29, 2011

FACT SHEET: The World Bank, Transparency and Anti-Corruption


Issue: Stepping up the game in anti-corruption.

Fact: The World Bank has been leading anti-corruption efforts for over a decade and has closed down projects and whole country programs where there is evidence of corruption.

 Governance and anti-corruption are central to the World Bank’s overall mission – in country programs, sector engagements, and project design and implementation – and the Bank has multiple systems in place to ensure that money is used for its intended purposes.
 We focus on these issues at the country, operational, and global levels.
 The Bank’s Controller's Vice Presidency provides strict financial reporting and analysis.
 Country teams undertake regular and rigorous supervision of Bank-financed projects.
 The Independent Evaluation Group (IEG) reviews the Bank’s work and reports its findings directly to the Board, followed by public disclosure.
 The Bank’s Integrity Vice Presidency (INT) has a highly specialized team of investigators and trained forensic accountants who investigate fraud and corruption allegations, prevent recurrence, and support the capacity of national authorities.

See full Fact Sheet.