Title: Anticorruption Initiatives: Reaffirming Commitment to a Development Priority
Language: English
Type: Document
Nature: Other PPP Reference
Published: December 20, 2019
Region: Global
Country: Global / Non-Specific
Sector: Applicable to all sectors
Topic: Procurement
Keywords: PPP Tools *, Transparency, Good Governance and Anti-Corruption Mechanisms **, Anti-corruption
Document Link(s):
Document Summary:
The outline of this paper is as follows:
Section II illustrates the criticality of tackling corruption in client countries to the Bank’s twin goals of reducing poverty and promoting shared prosperity.
Section III summarizes the global, technological, and knowledge changes that demand a new approach to corruption. Section IV outlines a set of five specific initiatives selected to respond to the changing environment.
Section V outlines a new comprehensive approach to anticorruption, one based on an analysis of the political and institutional opportunities and constraints faced on the ground, and one implemented with the appropriate interventions, leveraging partnerships both within the Bank and internationally.
Document Details:
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.