December 8, 2011

1. December 8, 2011

2. The World Bank Raises the Cost of Corruption Conducting investigations and advancingreferrals of investigative findings to national enforcement authorities: In Ethiopia, quick follow-through on a referral prevented $7 million worth of contracts from being awarded to companies potentially engaging in wrongful conduct.

3. The World Bank Raises the Cost of Corruption Conducting investigations and advancingreferrals of investigative findings to national enforcement authorities: The British and Dutch governments launched a joint corruption investigation involving a number of World Bank- financed projects, implicating a Dutch company and a former World Bank consultant.

4. The World Bank Raises the Cost of Corruption Conducting investigations and advancingreferrals of investigative findings to national enforcement authorities: The Government of Indonesia arrested three individuals—including two public officials—and conducted an audit of the related project.

5. The World Bank Raises the Cost of Corruption Conducting investigations and advancingreferrals of investigative findings to national enforcement authorities: Økokrim, the Norwegian National Authorityfor the Investigation and Prosecutionof Economic and Environmental Crime, convicted three former employees of the Norwegian engineering consulting firm Norconsult.

6. The World Bank Raises the Cost of Corruption Relying on technological tools: The new Integrity App gives concerned citizens a means of instantly reporting potential fraud and corruption to the World Bank’s Integrity Vice Presidency.

7. The World Bank Raises the Cost of Corruption Operating a cross-debarment partnership with other multilateral development banks: The World Bank and its partners honored 37 cross-debarments in the past year, making the sanctions imposed by each of the participating institutions widely applicable and shrinking the space in which crime can be committed.

8. The World Bank Raises the Cost of Corruption Delivering results in investigative and sanctioning work: Last year the World Bank debarred 32 fraudulent and corrupt entities, preventing them from participating in future Bank Group-financed projects. One firm also paid $350,000 in restitution.