World Bank Set to Complete Corruption Strategy Report

The Independent Evaluation Group of the World Bank is reportedly finalizing its report on the bank’s strategy for addressing corruption in its recipient countries. The report, which will be discussed by the World Bank’s executive board in July, is expected to prompt debate, according to David Bosco of Foreign Policy’s “The Multilateralist” blog.

“The bank’s rhetorical commitment to clean governance is clear,” Bosco writes. “But challenging official corruption means challenging bank members, and that’s uncomfortable. Scrutinizing the private-sector has been easier.”

Bosco also notes that some of the World Bank’s policies against corruption produce complications.

“In some cases, big lenders less concerned about corruption simply step into the space the Bank vacates.  There are also questions about how consistently anti-corruption standards are enforced. Certain influential voices in the Bank are less than enthusiastic about the anti-corruption fight, at least as it’s being conducted,” he says.

Further, Bosco writes that emerging economies that score poorly on corruption indicators have long been critical of several of the World Bank’s corruption-related initiatives, such as its annual Doing Business survey.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.