The World Bank’s efforts to stamp out corruption in bank-funded projects continue to be hampered by the fact that there has not yet been a true shift in hearts and minds about eradicating graft.
One way to tackle this problem is to focus more on prevention over legal sanctions and engage civil society, experts agreed last week during a panel discussion at the institution’s annual meetings in Washington, D.C.
“That power of prevention … can also be accomplished at the civil society level” said Gianluca Esposito, senior counsel at the International Monetary Fund.
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About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.
