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Submitted by Jose Janeiro on
Dear Patrick, Thank you for your feedback. There are several aspects that need to be taken into account here. The first is the way the bank processes a significant percentage of its disbursements: through advances of funds for implementation of projects into designated accounts where funds are often pooled with either other donors/financiers and/or client's own resources. From these accounts payments are made not only for World Bank financed projects but also, for example, for budget execution and for projects financed by other entities. With the increasing use of country systems this is becoming more and more common. Other disbursement methods included direct payments to contractors, consultants and suppliers' own bank accounts, which, obviously, makes it more difficult. While the Bank and clients favor greater transparency namely through the publication of project financial statements and "open data", bank accounts are a sensitive matter, in particular for the reasons stated above. Best Jose