Abstract
The chapter illustrates how, after 2010, when then President of the World Bank Robert Zoellick made his famous statement “Steal and cheat from one, get punished by all,” all multilateral development banks adopted a debarment policy in order to single out corruption and other criminal conduct commonly perpetrated during the execution of their projects. The chapter sets out the relevant history of the World Bank, as well as its structure and policy, and then analyzes the links between corruption, governance, and development issues. The chapter offers an extensive presentation of the World Bank sanctions system and the recently adopted policy of cross-debarment. Finally, the chapter analyzes the successfulness of the sanctions process adopted by the World Bank, and in particular considers how it could lead to an improvement in development effectiveness by means of an increase in transparency and accountability.
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Notes
- 1.
Minutes from the meetings at Bretton Woods are available in their entirety online. See Historic Documents and Memorabilia, Center for Financial Stability, http://www.centerforfinancialstability.org/brettonwoods_docs.php, accessed 16 July 2013.
- 2.
See “Guidelines on Preventing and Combatting Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants,” The World Bank, http://siteresources.worldbank.org/INTRUSSIANFEDERATION/Resources/ibRD_IDA_AnticorruptionGuidelines.pdf, accessed 16 July 2013.
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Heilbrunn, J. (2014). The Fight Against Corruption: The World Bank Debarment Policy. In: Manacorda, S., Centonze, F., Forti, G. (eds) Preventing Corporate Corruption. Springer, Cham. https://doi.org/10.1007/978-3-319-04480-4_16
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DOI: https://doi.org/10.1007/978-3-319-04480-4_16
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