Original article posted by Reuters.
WASHINGTON (Thomson Reuters Foundation) – The World Bank wants all corporate bidders on bank-funded projects to publicly reveal their true owners as a way of tackling fraud and cronyism in government contracts, a senior official said.
The proposal is part of sweeping reforms to modernize contracting at World Bank for the first time in roughly 50 years, which are due for board consideration next month, Chris Browne, chief procurement officer at the bank, told the Thomson Reuters Foundation in an interview on Monday.
“We are very committed to transparency and integrity. We are very keen to take this to the next level,” Browne said.


You must be logged in to post a comment.