Wednesday, August 23, 2006

World Bank's open disclosure policy


Africa is making strides in
From Mr Andrew Steer.

Sir, Your article "Indonesia told to return $4.7m after probe" (August 14) misleadingly implies that the World Bank is withholding information on corruption. Nothing could be further from the truth. The World Bank is the only multilateral development bank to list publicly the names of companies and individuals we have sanctioned for engaging in fraudulent and corrupt practices in our projects; more than 330 companies and individuals found to have done so are listed on our website.

See full Letter (paid subscription required).