World Bank to step up fight against cor­rup­tion, fraud

The Pak Banker - - Company& -

WASHINGTON: An­ticor­rup­tion of­fi­cials from 134 coun­tries gath­ered at the World Bank in a drive to step up the fight against cor­rup­tion and fraud, es­pe­cially in the de­vel­op­ing world.

The first meet­ing of the In­ter­na­tional Cor­rup­tion Hunters Al­liance, a net­work of more than 200 anti-cor­rup­tion of­fi­cials, opened at the devel­op­ment lender's Washington head­quar­ters.

World Bank pres­i­dent Robert Zoel­lick noted that in­di­vid­ual ef­forts and smaller net­works were achiev­ing suc­cesses against cor­rup­tion, but co­or­di­nated ef­forts were needed.

"In a time of fis­cal con­straint in many donor coun­tries, we need even more to un­der­score to donors and re­cip­i­ents that ev­ery devel­op­ment dol­lar will be spent as in­tended, to over­come poverty, boost growth, and op­por­tu­nity," he said in open­ing re­marks.

"This al­liance can help us build the lo­cal will to im­prove trans­parency, strengthen pro­cure­ment rules, set higher stan­dards and hunt crimin a ls . Act­ing to­gether, we can be more ef­fec­tive."

It was the first time the anti-cor­rup­tion of­fi­cials have met to dis­cuss

how to ad­vance the in­ves­ti­ga­tion and pros­e­cu­tion of cor­rupt peo­ple and en­ti­ties, in­clud­ing those who de­fraud World Bank projects.

The three-day meet­ing is fi­nan­cially sup­ported by the gov­ern­ments of Aus­tralia, Nor­way and Den­mark.

"The cor­rupt steal from the poor, but they are aided by the in­dif­fer­ent. For too long the cor­rup­tion ef­forts re­lied crit­i­cally too much on the courage of in­di­vid­u­als who, too of­ten, had to act alone," Zoel­lick said.

"How­ever, in­di­vid­ual hero­ism is not a sus­tain­able and ef­fec­tive strat­egy to elim­i­nate cor­rup­tion. There­fore we're gath­ered here in Washington to draw our strength and learn from one an­other on how to cre­ate a strong cor­rup­tion hunters' net­work."

He gave as an ex­am­ple a re­cent de­ci­sion by France's high­est court that cleared the way for global watchdog Trans­parency In­ter­na­tional to in­ves­ti­gate the as­sets of three African lead­ers in France.

At the time, the non-gov­ern­men­tal or­ga­ni­za­tion hailed the Novem­ber 9 rul­ing as "a con­sid­er­able le­gal mile­stone" be­cause it was the first time France rec­og­nized the col­lec­tive ac­tion of an anti-cor­rup­tion as­so­ci­a­tion ad­mis­si­ble be­fore a crim­i­nal court.

Zoel­lick said the In­ter­na­tional Cor­rup­tion Hunters Al­liance "can help us learn how to pur­sue more multi-ju­ris­dic­tional prose­cu­tions. - PB News

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.