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Latin America & Caribbean

Settling with Justice

Jean Pesme's picture

Settlements in cases of foreign bribery cases are big news and growing.  More and more countries are allowing these procedures, and their law enforcement agencies are using them forcefully in their efforts to combat foreign bribery. The FCPA, which came into law in the US over thirty five years ago, has paved the way for many other countries to adopt similar legislations, in line with far reaching international agreements such as the OECD Anti-Bribery Convention. These are very welcome developments, which should continue unabated.

The 2003 UN Convention Against Corruption – to which almost 170 countries have become party to - has created an environment for a radical and universal change in the international landscape of anti-bribery legislation. Actual enforcement is making a difference, as illustrated by the rapid growth in settlements by companies and individuals who have contravened the law and have to face the consequences - without going to a full trial. The figures are telling: over the past decade a total of US$ 6.9 billion has been imposed in monetary sanctions through settlements - which is clearly good news in the fight against corruption.

But in the midst of this positive development, there are a number of troubling concerns (from the perspective of the countries affected by corruption).  Research by the  UNODC/World Bank Stolen Asset Recovery Initiative in our new report ‘Left Out of the Bargain’ has revealed that those countries whose officials have been bribed are most often unaware of the settlements, and receive very little of the moneys involved. Of the US$ 6.9 billion, nearly US$ 5.8 billion came about when the countries where the settlement took place – mostly major financial centers - were different from those of the allegedly bribed foreign public official.

StAR’s analysis of 395 cases reveals that only about US$197 million, or 3%, was returned to the countries whose officials allegedly received bribes.
 

Trade Regionalism in the Asia-Pacific: New Game, Old Rules?

Swarnim Wagle's picture

What's the next move in the major economies' Great Game? Source - wonderkris.Editor's Note: This blog draws on the forthcoming article “New Trade Regionalism in Asia: Looking Past the Sino-American Great Game," written by Swarnim Wagle, to be published in the Global Emerging Voices 2013 Working Papers. 
 
Negotiations over one of history’s most ambitious trade deals have taken another step towards defining the future of Trans-Pacific trade.
 
The latest round of discussions on the Trans-Pacific Partnership (TPP) wrapped up this past weekend in Salt Lake City, Utah. Negotiators are believed to have made headway on a number of thorny issues, clearing the way for ministerial talks to be held in Singapore, Dec. 7-10.   
 
The TPP will draw together 12 countries dotting the perimeter of the Pacific—Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. But it’s the United States’ efforts to spearhead the talks that have attracted the most attention. Concerns over a lack of transparency and the intrusive scope of the agreements’ provisions into national policymaking have led many to question its objective.
 

Why Inclusion of Sexual Minorities Is Crucial to Gender Equality

Fabrice Houdart's picture
In previous articles we discussed why inclusion of sexual minorities is instrumental to the World Bank’s goal of shared prosperity and constitutes smart economics. This piece focuses on how sexual minority inclusion is crucial to achieve progress on our gender equality agenda.

One of the background papers to the World Bank’s 2012 Gender World Development Report, “Masculinities, Social Change and Development,” alluded to Raewyn Connell’s theory of “hegemonic masculinity” as well as the strong correlation between heterosexism and gender inequalities.

Hegemonic masculinity is defined as the gender practice that guarantees the dominant social position of men and the subordinate social position of women. As summarized by Schifter and Madrigal (2000), it is the view that “Men, by virtue of their sex, [are] naturally strong, aggressive, assertive, and hardworking, whereas women [are] submissive, passive, vain, and delicate.” Hegemonic masculinity justifies the social, economic, cultural, and legal deprivations of women.

Green Buildings Offer Lasting Development Impact

Stephanie Miller's picture

A construction worker finishes sealing glass at a building construction site. Trinn Suwannapha / World Bank

What generates 70 percent of the greenhouse gases emitted from cities like New York, Beijing, or New Delhi? Not long ago, I might have answered “cars.” But the real culprit is buildings – our homes, offices, schools, and hospitals. Many of which use electricity, water, and fuel extremely inefficiently because of the way they were initially designed.

In fact, about 40 percent of the world’s electricity is used to cool, light and ventilate buildings, even though much more efficient technology exists.

The longevity of buildings is why we need to think much more about them at the new construction phase. Decisions about building materials, insulation, and plumbing live on for decades or longer. That’s why IFC, the private sector-focused arm of the World Bank Group, is working to help builders and developers in emerging markets lock in climate-smart choices at the early design stage.

Our new certification tool EDGE, which stands for Excellence in Design for Greater Efficiencies, was designed specifically for emerging markets, where housing needs are set to grow exponentially as a result of urbanization pressures. It is Internet-based and easy to use, offering developers a range of inexpensive design choices that might otherwise be overlooked in the rush to build.

Buildings certified by EDGE use 20 percent less energy than their peers, offering long-term emissions savings and lower utility bills – a major benefit in affordable housing.

“La buseta”, “el pesero” and other things we miss in public transportation from Bogota and Mexico City

Leonardo Canon Rubiano's picture


Safe, Clean, Affordable Transport is the motto of the World Bank’s Transport Sector. Evidence from several analyses for urban transport systems suggests that improving the transport system:

  • reduces passenger travel times, 
  • reduces GHG emissions due to transport, 
  • reduces vehicle operating costs for the transport system, and 
  • reduces transport-related road accidents (injuries and fatalities). 

The girl that built her own house: “I don’t have to ask someone else to do it for me”

Kamilah Morain's picture


In Haiti, recruiting young women to train for what has traditionally been perceived as predominantly masculine disciplines is a challenging task. Our team discovered that many families wanted to take advantage of an opportunity to educate their daughters, yet they were hesitant because the training being offered was in non-traditional roles.

These female students were going to learn professions attributed to tradesmen such as masonry, carpentry, heavy machinery maneuvering, plumbing and electrical wiring. Fathers and especially mothers were fiercely opposed to having their daughters do this type of work but for different reasons.

Fathers often asked the question: “Why you don’t teach them to do something more respectable, more suited for a girl, to be a secretary, or work in a hospital?” Mothers countered the idea with safety concerns, afraid that their daughters could become easy targets for unscrupulous men in what are clearly male dominated professions.

Mexico and India learn together how to grow while respecting the environment

Muthukumara Mani's picture

Although 9000 miles apart, the states of Himachal Pradesh (India) and Quintana Roo (Mexico) have one thing in common: a vision and mission of promoting an economic growth that reaches as many people as possible while respecting the environment and the natural resources. This is what we call inclusive green growth.

Both the states are endowed with nature’s bounty and its curse: rich in biodiversity and the ecosystem services that it provides but highly vulnerable to the climate change and natural disasters and environmental degradation that development impacts bring.

Environmental sustainability and climate change resilience are thus a top priority, and it is no surprise that both the states are leaders and frontrunners in formulating green growth and development strategies in their respective countries.
It was therefore very apt for a delegation of senior officials from the Indian state of Himachal Pradesh to visit Quintana Roo to exchange ideas, share knowledge and best practices with their counterparts.

 

Peru: corruption places a greater burden on the poor and hampers development

Sergi Perez's picture

Corruption has a considerable negative impact on development. Besides considerations associated with public ethics, corruption discourages private initiative and reduces available public resources, which in turn translates, for example, in less hospitals and poor education quality. Corruption also distorts the way governments use resources and undermines the public’s confidence in institutions.

Bribing, embezzlement, nepotism, and traffic of influence in decision-making processes are some of the typical manifestations of this form of bad government.

Annual Meetings: 400 Million Children Living in Extreme Poverty

Donna Barne's picture

World Bank Group President Jim Yong Kim addresses the media. © Ryan Rayburn/World Bank

World Bank Group President Jim Yong Kim delivered two startling facts at his Annual Meetings press briefing today: 400 million of the world’s extreme poor are children; and in 35 low-income countries, 100 million more people are living in extreme poverty — defined as less than $1.25 a day — than 30 years ago. 

Both statistics are from a new report, the State of the World’s Poor, and they reveal that critical challenges remain despite historic growth and poverty reduction in developing countries in recent decades. “How can we in good conscience not do all we can to lift these children and their families out of extreme poverty?” asked Kim. “They can’t wait for progress to emerge slowly. They need our help today.”

How to Create Jobs for Young People

Ravi Kumar's picture

Ask one of the millions of youth in Nairobi or New Delhi about their concerns for the future, and more than likely the response will be that he or she is worried about finding a job.

There are more than 1.2 billion young people between the ages of 15 and 24 in the world. Seventy-five million of them are unemployed, according to the International Labor Organization (ILO).


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