- World Bank President, James D. Wolfensohn, made a groundbreaking speech on the "cancer of corruption" to all the Bank's shareholders at the 1996 Annual Meetings, placing the issue squarely on the development agenda for the first time for a multilateral institution. "Let's not mince words - we need to deal with the cancer of corruption…," Wolfensohn said. "Let me emphasize that the Bank Group will not tolerate corruption in the programs that we support, and we are taking steps to ensure that our own activities continue to meet the highest standards of probity."
- Since 1996, the Bank has launched more than 600 anti-corruption programs in nearly 100 countries.
- The Bank's anti-corruption strategy has "four pillars": Preventing fraud and corruption in Bank-financed projects and programs; helping countries that request assistance in combating corruption; mainstreaming a concern for corruption directly into country analysis and lending decisions; and contributing to international efforts to fight corruption.
- More than 40 percent of the Bank's lending operations now include public sector governance components.
- The Bank has put in place stringent financial disclosure rules for its employees.
- The Bank runs a global 24-hour a day anti-corruption telephone hotline: 1-800-831-0463
- The Bank is an active supporter of the United Nations Convention Against Corruption.
- The Bank has endorsed the Extractive Industries Transparency Initiative (launched by British Prime Minister Tony Blair).
- The Bank is a leader in fighting money laundering and the financing of terrorism--currently supporting 40 such projects benefiting 115 countries.
- The Bank publicly names companies and individuals found to have been engaged in corrupt practices--so far over 300 have been sanctioned.
$1,000,000,000,000 and counting …
How the Bank Helps Countries Fight Corruption
Tackling Corruption In Indonesia
The Data Revolution: Measuring Governance and Corruption
Six Questions on the Cost of Corruption with Daniel Kaufmann
Comment on $1 Trillion - The Cost of Corruption
Corruption - Related Links
Corruption Issue Brief