The World Bank Group committed nearly $60 billion for development projects and programs in fiscal year 2017. As the largest individual source for development finance in the world, the Bank frequently sets standards and adopts practices that spread both to other multilateral institutions as well as governments worldwide.
In 2017, the Integrity Vice Presidency (INT), an independent office within the World Bank Group that investigates and pursues sanctions related to allegations of fraud and corruption in World Bank Group-financed projects, opened 51 investigations and issued 52 reports covering 68 Bank Group projects, while also providing preventative services and undertaking internal investigations. Through its Integrity Compliance Office, INT plays a preventive role by actively engaging sanctioned entities in pursuing rehabilitative measures, such as the implementation of integrity compliance programs.
These activities helped safeguard the World Bank Group’s funding against misuse, but was there a broader impact beyond the contracts and contractors involved?
Join Partnership for Transparency’s Anti-Corruption Forum at the Center for Global Development on May 2 at 4PM to hear Pascale Hélène Dubois discuss the global impact of World Bank investigation and prevention activities. Ms. Dubois will be joined by a panel of Kathrin Frauscher, Deputy and Program Director, Open Contracting Partnership and Hasan Tuluy, Partnership for Transparency Board Director, former World Bank Vice President, to dive deeper into what more can be done at the World Bank and other international institutions to combat corruption.
A webcast will be we streamed on the CGD website at the time of the event.