Corruption in World Bank-financed development projects: A phenomenon-focused examination

Costantino Grasso

Corruption in World Bank-financed development projects: A phenomenon-focused examination

Costantino Grasso

School of Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter

110 Downloads (Pure)

Abstract

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.

Original language	English
Title of host publication	Corruption in the Global Era
Subtitle of host publication	Causes, Sources and Forms of Manifestation
Editors	Lorenzo Pasculli, Nicholas Ryder
Publisher	Routledge
Chapter	13
Pages	258-276
Number of pages	18
Edition	1
ISBN (Electronic)	9780429197116
ISBN (Print)	9780367177768
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 https://www.slideshare.net/CostantinoGrasso1/flyer-for-cbis-seminar

Publication series

Name	The Law of Financial Crime

Seminar

Seminar	Centre for Financial and Corporate Integrity - Research Seminar Series - February 2019
Country/Territory	United Kingdom
City	Coventry
Period	8/02/19 → 8/02/19
Internet address	https://www.slideshare.net/CostantinoGrasso1/flyer-for-cbis-seminar

ASJC Scopus subject areas

Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

Grasso_Corruption_World_Bank_chapter PureAccepted author manuscript, 724 KB

Cite this

Grasso, C 2019, Corruption in World Bank-financed development projects: A phenomenon-focused examination. in L Pasculli & N Ryder (eds), Corruption in the Global Era: Causes, Sources and Forms of Manifestation. 1 edn, The Law of Financial Crime, Routledge, pp. 258-276, Centre for Financial and Corporate Integrity - Research Seminar Series - February 2019, Coventry, United Kingdom, 8/02/19.

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Y2 - 8 February 2019 through 8 February 2019

ER -

Corruption in World Bank-financed development projects: A phenomenon-focused examination

Abstract

Publication series

Seminar

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

International Anti-Corruption Symposium

The troubled path toward greater transparency as a means to foster good corporate governance and fight against corruption in the energy sector

Cite this

Corruption in World Bank-financed development projects: A phenomenon-focused examination

Abstract

Publication series

Seminar

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Activities

International Anti-Corruption Symposium

Research output

The troubled path toward greater transparency as a means to foster good corporate governance and fight against corruption in the energy sector

Cite this