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World Bank consultation on corruption

Comments are being accepted on the World Bank Group's governance and anticorruption strategy.

Promoting a better climate for doing business...yields a double benefit on the anticorruption front because many of the obstacles to business identified in the Doing Business Report and Investment Climate Assessments are also "collection points" for various forms of illegal levies, and thus serve as invitations for corrupt behavior by both government officials and private sector individuals; and a successful private sector that widens opportunities to make money honestly commensurately reduces the pressure on individuals to seek corrupt avenues to support themselves and their families.

Take a look at the 14-page outline and submit your comments by Friday.

Comments

Submitted by Aggie Alando-Hoffer on
Who facilitates high-level corruption in developing countries? Grand corruption is the major cause of the impoverishment of African and other developing countries’ economies. Last year the Kenyan government hired a private international firm which managed to track an estimated 875 million euros buried in secret bank accounts in Europe and the US. Furthermore, shady contract deals of considerable international dimensions were discovered, forcing “unknown” recipients to secretly wire the money they had received, back to the Central Bank of Kenya. High-level corruption is an intricate process that involves a myriad of external professionals, including bankers and lawyers. In future, the World Bank should examine possible answers to the above-mentioned question. Therein lies the key to some poverty reduction strategies, development and governance issues.

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