Publication: Anticorruption Initiatives: Reaffirming Commitment to a Development Priority
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Date
2019-12-20
ISSN
Published
2019-12-20
Author(s)
World Bank Group
Abstract
Corruption continues to have a
disproportionate impact on the poor and most vulnerable,
increasing the cost of, and reducing access to, health,
education, justice, electricity and other basic services,
thereby exacerbating inequality. It reduces private
investment as it increases risks for investors, with
consequent effects on growth and jobs. It distorts public
spending decisions and weakens the quality of public
investments as substandard infrastructure gets built and the
regulatory systems for quality control and safety are
bypassed. It erodes public trust in governments, undermining
their legitimacy and posing a threat to peace and stability.
This paper draws on these lessons and proposes a new
approach, both in terms of what we work on and how we work,
focusing on initiatives to be led by the Bank’s EFI vice
presidency to reaffirm the Bank’s commitment to
anticorruption. The initiatives refresh approaches that are
showing results, scale up those that are emerging and show
promise, or experiment and innovate where fresh thinking is
needed in our support to client countries to help them
control corruption. In this note, corruption is seen as both
a symptom of underlying governance challenges and a problem
in and of itself. For practical purposes, and to keep the
focus on corruption, the initiatives do not expound on the
many aspects of governance that influence corruption. The
paper also does not focus on efforts to control corruption
risk in World Bank operations, but rather focus on the
support that the EFI Vice Presidency will provide to
countries in their efforts to control corruption.
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Citation
“World Bank Group. 2019. Anticorruption Initiatives: Reaffirming Commitment to a Development Priority. © World Bank, Washington, DC. http://hdl.handle.net/10986/34010 License: CC BY 3.0 IGO.”