Anti-corruption 101: Cross debarment

Anti-corruption banners hang in the World Bank headquarters. Photo by: World Bank / CC BY-NC-ND

Fighting corruption? Five multilateral development banks have been doing that for two years.

The World Bank and its partners are marking the second anniversary of the historic cross-debarment agreement, which came into force in 2010.

The agreement was between the World Bank, Asian Development BankAfrican Development BankEuropean Bank for Reconstruction and Development and Inter-American Development Bank. Since its launch, the banks have cross-debarred 111 firms and individuals. The development community’s Justice League? Not quite, but close enough.

It does not matter what they are called though. What is more important is for the international development community to find ways to follow their lead. There is a need to make the world smaller to “close the loop” on corrupt entities and individuals, says Stephan Zimmerman, director of operations at the World Bank’s Integrity Vice Presidency. The fight should transcend borders.

Read more:

Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

About the author

  • Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.