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Integrity Vice Presidency (INT) fiscal year 2017 : annual update (English)

The World Bank Group has long been a champion of the anti-corruption agenda. Corruption is tantamount to stealing from the poor, and anti-corruption efforts are critical for sustainable development. Fighting corruption is a global issue that resonates with citizens around the world. As our first Vice President of Integrity, Leonard McCarthy broadened the World Bank Group’s anti-corruption agenda. During his nine years of service in that role, the World Bank Group has continued to push the envelope, developing concrete mechanisms that have enhanced the integrity of our operations, and supporting our client countries and development partners in their own efforts to tackle corruption. The author strengthened our sanctions system, making debarment with conditional release our default sanction; established an Integrity Compliance Office; and signed a landmark cross-debarment agreement with four other development banks. These initiatives mean that debarred firms and individuals must develop or strengthen integrity compliance programs before they can work with the World Bank Group again, and we provide them with detailed guidance on how to do so. It also means that the impact of World Bank Group sanctions is more widespread, as other multilateral development banks recognize those actions. We also began using settlements to expeditiously deal with companies that admit wrongdoing, and to date have signed 96 Negotiated Resolution Agreements. While enforcement has been a key part of our efforts, author is focusing on prevention, knowing that it is far more effective than dealing with issues after the fact. In 2013, author began tracking the amount of funds safeguarded from fraud and corruption because of due diligence and other early warning systems; as of this fiscal year, that amount is $769 million spread over 137 contracts. Information related to projects affected by ongoing or recently-completed investigations feeds into the World Bank Group’s operational risk management system. The following report details the World Bank Group’s ongoing commitment to fighting fraud and corruption, which is an integral part of our efforts to end extreme poverty and boost shared prosperity.

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Integrity Vice Presidency (INT) fiscal year 2017 : annual update (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/129141508163808440/Integrity-Vice-Presidency-INT-fiscal-year-2017-annual-update