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In order to counter corruption and other illicit conducts within its projects, the World Bank has developed an independent sanctions system, which represents a powerful tool that can be used to help ensure that the granted funds are actually used to benefit developing countries. This sanctions regime, although extremely valuable to fight corruption, is currently characterized by a limited level of transparency and affected by structural issues such as the lack of democratic legitimacy, the incompleteness of the related legal frameworks, and the absence of effective due process safeguards. This chapter aims at illustrating how the World Bank’s sanctions system has brought to light the way in which corruption operates within its projects and the weak spots that have been identified so far in the fight against such a criminal phenomenon.
|Title of host publication||Corruption in the Global Era|
|Subtitle of host publication||Causes, Sources and Forms of Manifestation|
|Editors||Lorenzo Pasculli, Nicholas Ryder|
|Number of pages||18|
|Publication status||Published - Apr 2019|
|Event||Centre for Financial and Corporate Integrity - Research Seminar Series - February 2019: Counter-terrorist financing, money laundering, cryptocurrencies, social media platforms, and suspicious activity reports: A step into the regulatory unknown - Coventry University, Coventry, United Kingdom|
Duration: 8 Feb 2019 → 8 Feb 2019
|Name||The Law of Financial Crime|
|Seminar||Centre for Financial and Corporate Integrity - Research Seminar Series - February 2019|
|Period||8/02/19 → 8/02/19|
ASJC Scopus subject areas
FingerprintDive into the research topics of 'Corruption in World Bank-financed development projects: A phenomenon-focused examination'. Together they form a unique fingerprint.
- 1 Chapter
The troubled path toward greater transparency as a means to foster good corporate governance and fight against corruption in the energy sectorGrasso, C., Mar 2020, Handbook of Energy Finance: Theories, Practices and Simulations. Goutte, S. & Nguyen, D. K. (eds.). 1 ed. World Scientific, p. 363-393 31 p.
Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review