Last month, we marked International Anti-Corruption Day with a nod to the ways in which data tools are helping the World Bank and its partners detect and prevent fraud and corruption. I thought some elements of that discussion were worth sharing here.
The core mandate of the Integrity Vice Presidency (INT) is to investigate fraud and corruption in contracts financed by the World Bank. Where allegations of misconduct are substantiated through our Sanctions System process, companies may be banned from participating in future Bank-funded projects. This system is in place to protect scarce development resources from graft and duplicity; put simply, money that is supposed to help build schools and hospitals should not end up in the pockets of corrupt individuals.