Anticorruption Initiatives : Reaffirming Commitment to a Development Priority
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 p...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/365421591933442799/Anticorruption-Initiatives-Reaffirming-Commitment-to-a-Development-Priority http://hdl.handle.net/10986/34010 |
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okr-10986-340102022-09-20T00:12:24Z Anticorruption Initiatives : Reaffirming Commitment to a Development Priority World Bank Group ANTICORRUPTION CORRUPTION BRIBERY LABOR MARKET PUBLIC POLICY GOVERNANCE CONFLICT-AFFECTED STATES FRAGILE STATES FRAGILE AND CONFLICT AFFECTED STATES ILLICIT FINANCIAL FLOWS ELITE CAPTURE ACCOUNTABILITY TRANSPARENCY 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. 2020-06-30T13:22:30Z 2020-06-30T13:22:30Z 2019-12-20 Report http://documents.worldbank.org/curated/en/365421591933442799/Anticorruption-Initiatives-Reaffirming-Commitment-to-a-Development-Priority http://hdl.handle.net/10986/34010 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Accountability Study |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ANTICORRUPTION CORRUPTION BRIBERY LABOR MARKET PUBLIC POLICY GOVERNANCE CONFLICT-AFFECTED STATES FRAGILE STATES FRAGILE AND CONFLICT AFFECTED STATES ILLICIT FINANCIAL FLOWS ELITE CAPTURE ACCOUNTABILITY TRANSPARENCY |
| spellingShingle |
ANTICORRUPTION CORRUPTION BRIBERY LABOR MARKET PUBLIC POLICY GOVERNANCE CONFLICT-AFFECTED STATES FRAGILE STATES FRAGILE AND CONFLICT AFFECTED STATES ILLICIT FINANCIAL FLOWS ELITE CAPTURE ACCOUNTABILITY TRANSPARENCY World Bank Group Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| description |
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. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| title_short |
Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| title_full |
Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| title_fullStr |
Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| title_full_unstemmed |
Anticorruption Initiatives : Reaffirming Commitment to a Development Priority |
| title_sort |
anticorruption initiatives : reaffirming commitment to a development priority |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/365421591933442799/Anticorruption-Initiatives-Reaffirming-Commitment-to-a-Development-Priority http://hdl.handle.net/10986/34010 |
| _version_ |
1764479991577313280 |