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| The World Bank Released Its 2004 Annual Report Investigating Staff Misconduct and Corruption in Bank-Financed Projects
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 In February 2005, the World Bank released its annual report Investigations and Sanctions of Staff Misconduct and Fraud and Corruption in Bank-Financed Projects. The Report covers the period July 1, 2003 to June 30, 2004 and summarizes the nature and volume of institutional integrity activities and investigations of the World Bank Group for the fiscal year ending June 30, 2004. The Report describes a significant progress in the capacity and execution of anticorruption activities by the Department of Institutional Integrity (INT) at the World Bank since the establishment of the Department in April 2001. It disposes with a budget of US million to work in this area, making it by far the leader in resources committed among international institutions in the fight against corruption and fraud. Over the last five years INT has handled over 1,300 cases and currently has over 300 active cases. As a result of these activities, in fiscal year 2004 the Sanctions Committee heard 16 cases, leading to the debarment of 55 firms and 71 individuals.
Full text of the Report (PDF, 1.57 Mb) | |
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