The total number of integrity investigations opened by the World Bank fell by 55 percent last year, a substantial decrease — even considering the $600,000 budget cut to the department as part of the bank’s reform process.
At the same time, preliminary inquiries dropped 21 percent, according to the 2014 annual update published Wednesday by the institution’s Integrity Vice Presidency, which looks into allegations of fraud and corruption in World Bank-financed projects and can debar companies from working with the bank for periods of time.
See more news on the World Bank:
● More webcasting at the World Bank — but is it enough?
● The World Bank's big party — and the 'noise' that could spoil it
● How the World Bank will fight corruption
The report gave no reason for these and other reductions other than the well-known budget constraints. Emily Horgan from the International Finance Corp. noted: “There is complexity inherent in our process, which is why it’s not a perfect system … and why we are one of many mechanisms on the ground.”
One key sector that is gaining increased interest on the World Bank’s integrity efforts is agribusiness, Dina al Naggar, senior communications officer at the department, highlighted during an event preceding the release of the report on Tuesday at the bank’s annual meetings in Washington, D.C.
“We saw an increase [in corruption] in the agribusiness sector,” al Naggar said, citing this year’s findings.
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.
