Key World Bank Official Eyes Global Effort Against Fraud in Aid

World Bank’s top anti-corruption official sought Monday (Dec. 6) the consolidation of global efforts in fighting corruption related to aid-financed activities. 

Leonard McCarthy, the bank’s vice president for integrity, made the call as anti-corruption advocates from 134 nations gathered at the World Bank from Dec. 6 to 8 for the first meeting of the International Corruption Hunters Alliance. 

McCarthy said he hoped the meeting would yield a global mechanism to track corruption and fraud cases on development projects. This could be achieved by sharing more information, conducting parallel investigations, and encouraging countries to adopt similar anti-corruption practices.

“I would like to have a tracking mechanism in place for all major corruption cases, including the ones that the World Bank refers to countries,” McCarthy told Reuters. “It’s not there in a consolidated way.”

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.