The World Bank and its enforcement partners on Wednesday (April 13) adopted a declaration on advancing international efforts to curb global corruption.
The Declaration of Agreed Principles for Effective Global Enforcement to Counter Corruption underscores the role of technical assistance and international cooperation in stepping up the fight against corruption.
The declaration identifies priorities for combating global corruption - with a focus on the misuse or diversion of development resources - and opportunities for joint or parallel investigative activities and development of information exchange systems, as well as practices to stop and criminalize corruption.
“Corruption steals from the poor, undermines fair competition, distorts resource allocation, destroys public trust, and undermines the rule of law,” World Bank President Robert Zoellick said in a press release. “This declaration can help build momentum for an international coordinated response to counter different forms of corruption that impede economic and social progress in developed, emerging and developing countries.”
Other parties to the declaration include the International Criminal Court, U.K. Serious Fraud Office, Interpol, European Anti-Fraud Office, U.S. Federal Bureau of Investigation’s Criminal Investigative Division, and Brazilian Court of Audit.
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