Transparency International today welcomed the World Bank report on debarments and suspensions which showed that in the past six years there have been more than 650 cases demonstrating that the institution takes a clear line against fraud and corruption at its projects.
“The World Bank’s sanctions process is critical to eradicate fraud, corruption and collusion from the projects it finances,” said Huguette Labelle, Chair of Transparency International.
Transparency International encourages the World Bank Group to continue this work and devote more resources to ensuring that corruption does not disrupt development.
Transparency International also welcomes the report because it displays greater transparency and openness about all of the bank’s activities, including its sanctions process.
Finally, a stronger focus on prevention would help avoid the stage where the sanctions process is needed.
Transparency International is the civil society organisation leading the fight against corruption
T: +49 30 3438 20 666