Corrupting the Fight Against Corruption

At its recent annual meeting, World Bank officials spoke extensively about corruption. It is an understandable concern: money that the Bank lends to developing countries that ends up in secret bank accounts or finances some contractors’ luxurious lifestyle leaves a country more indebted, not more prosperous.

James Wolfensohn, the Bank’s previous president, and I are widely credited with putting corruption on the Bank’s agenda, against opponents who regarded corruption as a political issue, not an economic one, and thus outside the Bank’s mandate. Our research showed systematic relationships between corruption and economic growth, which allowed us to pursue this critical issue.

But the World Bank would do well to keep four things in mind as it takes up the fight.

To continue reading, please log in or enter your email address.

To access our archive, please log in or register now and read two articles from our archive every month for free. For unlimited access to our archive, as well as to the unrivaled analysis of PS On Point, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/qmm2OxR;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.