September 1, 1997
World Bank report states that “the Bank has a responsibility under its articles to ensure that the funds it lends to borrowers are used for their intended purposes and with due attention to economy and efficiency.”
Read the full report here. [PIver here]
| Helping Countries Combat Corruption: The Role of the World Bank Poverty Reduction and Economic Management The World Bank September 1997 Contents: Preface Foreword 1. Key Messages |
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| 2. Corruption and Economic Development | |
| How do we define corruption? What are the causes of corruption? What do economics and political science tell us? What is the Bank’s experience? |
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| 3. A Bank Strategy for Tackling Corruption | |
| The Bank’s legal mandate The Bank’s fiduciary responsibility Helping countries combat corruption Contributing to international efforts |
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| 4. Controlling Corruption in Bank-financed Projects | |
| Procurement Codes, pacts, and pledges Loan disbursement |
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| 5. Helping Countries Reform Economic and Sector Policies | |
| Deregulation and the expansion of markets Policy advice when government continues to play a role |
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| 6. Helping Countries Strengthen Institutions | |
| Public management reform Legal and judicial reform Civil society and the media |
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| 7. Mainstreaming a Concern for Corruption in Bank Activities | |
| Economic work Country assistance strategies and the country dialogue Lending program Procurement and financial management External agency practices and public sector management Staffing implications |
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| 8. International Efforts | |
| Current international initiatives Bank actions at the international level |
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| 9. Concluding Thoughts | |
| Appendix | |
| The International Finance Institution’s approach to combating fraud and corruption in project finance The Multilateral Investment Guarantee Agency’s approach to combat-ing fraud and corruption in guarantees |
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Categories: Essays and Reports, Multilateral Development Banks, Odious Debts
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