Corruption report: World Bank blacklisted only one firm last year

The World Bank sanctioned just one firm, Lahmeyer International GmbH of Germany, last year compared with 133 blacklisted firms three years ago. The Bank’s anti-corruption body urges the leadership to put in place a new sanctions system to make it possible to proceed with cases in the pipeline for such action. The delay in sanctioning firms has dampened the interest of multinational companies in joining the Bank’s disclosure programme.
Paul Wolfowitz

Slow progress in anti-corruption work under former Bank President Paul Wolfowitz. © Simone D. McCourtie

 

 

Development Today is a subscription-based journal published with 20 issues a year. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.