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Article: World Bank Battles Corruption Through New Voluntary Disclosure Program.(Voluntary Disclosure Program)
- Article from:
- Mondaq Business Briefing
- Article date:
- October 3, 2006
- Author:
CopyrightCOPYRIGHT 2006 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Article by Jason Matechak and Pascale Dubois
Originally published in International Government Contractor
Approximately 10 years after former World Bank Group President James Wolfensohn's famous "cancer of corruption" speech, the World Bank under Paul Wolfowitz has added another arrow to its anticorruption quiver. Specifically, on August 1st, the World Bank board of executive directors formally launched a new, proactive Voluntary Disclosure Program (VDP). The VDP allows World Bank contractors to identify, investigate and rectify privately, and without the specter of debarment from World Bank programs, conduct that otherwise would be sanctionable by the ...