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Stepping up prosecution of transnational bribery

The OECD Antibribery Convention requires parties to make promising, offering, or giving a bribe to an official of another government a crime. Although 38 countries have ratified the convention, Transparency International reports that as of the end of 2009 only seven are actively enforcing this provision. Another nine are making some effort to enforce it and have taken few if any steps to enforce the convention.

How can we compensate the victims of bribery?

Jean Pierre Brun's picture

In early 2009, the U.S.-based multinational Halliburton paid $579 million to the U.S. government to settle charges it had bribed Nigerian officials to win a contract.  In late 2008 the German telecommunications giant Siemens paid $1.6 billion in fines, penalties and disgorgement of profits to the German and American governments for bribing officials. 

Information Sharing: A Difficult Question of Timing


I believe that timeliness is key in the sharing of information.  If criminal information about suspects is not shared with those who need to know in a timely manner, this can result in crimes being committed that could have been prevented or once-in-a-lifetime investigative opportunities being lost. 

In the field of fraud and corruption and in our context, the failure to share information in a timely manner can result in funds continuing to leak that could have been put to use to the benefit of society and  overburdened countries and taxpayers picking up the bill for products and services that they have not received, are incomplete or are hugely overpriced.

The question I want to raise is whether and how we can share information at a sufficiently early stage. 

Corruption Hunters: A Virtual Discussion

Dina Elnaggar's picture

Over the past year, the World Bank Integrity Vice Presidency has set up Regional Corruption Hunters Alliances in different parts of the world.  This alliance brings together anticorruption officials who can support Bank efforts in protecting the integrity of its projects.  The Bank will convene the first meeting of the International Corruption Hunters Alliance in December 2010 under the theme: Time for Action. 

For the next 10 days, we will host a virtual discussion on this blog, to focus on some of the issues that are relevant to the work of the ICHA members and the global anticorruption momentum that the Bank and other development partners are contributing to.
 

Forum opens doors to annual meetings…and more

Angie Gentile's picture

Open Forum session on open development. Credit: World Bank

The World Bank's first-ever Open Forum—an interactive online conversation about pressing development issues—threw open to the public discussions normally held behind closed doors.

Three sessions, held Oct. 7 and 8, brought together all-star thinkers and actors in three key areas: the open development movement, jumpstarting jobs, and today’s development challenges.

Can Africa trade with Africa?

Obiageli Ezekwesili's picture

Obiageli Ezekwesili chairs the seminar: Can Africa Trade with Africa? (Photo: Arne Hoel, The World Bank)

I chaired a very lively seminar on Friday afternoon that focused on the question, “Can Africa Trade with Africa?”  The answer was a resounding yes. 

Today, there is strong consensus among African leaders that regional integration is indispensable to unlock economies of scale and sharpen competitiveness. And promoting intra-African trade has emerged as a top priority, in recognition that the African market of one billion consumers can be a powerful engine for growth and employment.

Yet despite the introduction of free trade areas, customs unions, and common markets within the Region, the level of intra-African trade remains among the lowest in the world -- only about 10% of African trade is within the continent, compared to about 40% in North America and about 60% in Western Europe.

Still waiting for that new road to come your way?

Jan Walliser's picture

Anyone who has ever been to the Central African Republic (CAR) knows that the country has huge infrastructure needs after years of internal turmoil and strife. But when you look up how much of the government’s investment budget actually was implemented and financed infrastructure development in 2009 for instance, you find a stunningly low execution rate of 5 percent.

Young people want to work, but where are the jobs?

Tamar Manuelyan Atinc's picture

 Young people have been disproportionately hit by the economic downturn. Youth are just 25 percent of the global workforce but they may comprise up to 40 percent of the unemployed. And unemployed youth are more likely to live in poverty or be at-risk for crime. This was our focus Thursday in a session called "Jumpstarting Jobs".

This is a tough challenge for any country, rich or poor, but we do have some of the answers. We need to get children on the right track from the very beginning. It starts with investing in pregnancy with healthy mothers, proper nutrition for infants in the critical window of the first 2 years of life, and early childhood development programs for cognitive stimulation. Ninety percent of our brain development takes place before age 6, so if we don't invest properly in these early years, the damage may be irreparable. 

Mapping the development aid landscape: www.aidflows.org

Axel van Trotsenburg's picture

Aidflows shows the total volume of aid coming from OECD members and the total being received by developing countries.

As we heard last month during the MDG Summit at the United Nations, progress has been made but much work remains if we are to come close to halving poverty or reaching other targets we all agreed to in 2000. These issues are very much at the center of the Bank-IMF Annual Meetings this week in Washington.


Making development aid more accountable, transparent and effective is at the heart of this week’s discussions. New partnerships and players are emerging. Donor and client governments, along with their constituents, are demanding measurable results.  That said, it is challenging to measure aid when there are multiple channels and types of assistance, from bilateral to multilateral, from loans to trust funds, and the data generated is not always presented in a comparable way.

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