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

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish
Title of host publicationCorruption in the Global Era
Subtitle of host publicationCauses, Sources and Forms of Manifestation
EditorsLorenzo Pasculli, Nicholas Ryder
PublisherRoutledge
Chapter13
Pages258-276
Number of pages18
Edition1
ISBN (Electronic)9780429197116
ISBN (Print)9780367177768
Publication statusPublished - Apr 2019
EventCentre 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 20198 Feb 2019
https://www.slideshare.net/CostantinoGrasso1/flyer-for-cbis-seminar

Publication series

NameThe Law of Financial Crime

Seminar

SeminarCentre for Financial and Corporate Integrity - Research Seminar Series - February 2019
CountryUnited Kingdom
CityCoventry
Period8/02/198/02/19
Internet address

ASJC Scopus subject areas

  • Law

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