Budget cuts scale-back World Bank anti-corruption efforts

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The total number of integrity investigations opened by the World Bank fell by 55 percent last year, a substantial decrease — even considering the $600,000 budget cut to the department as part of the bank’s reform process. At the same time, preliminary inquiries dropped 21 percent, according to the 2014 annual update published by the institution’s Integrity Vice Presidency, which looks into allegations of fraud and corruption in World Bank-financed projects and can debar companies from working with the bank for periods of time.

Read the story by Molly Anders in Devex.

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