First "Int'l Corruption Hunters Alliance" meets at WB to accelerate global efforts

08:41, December 08, 2010      

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The International Corruption Hunters Alliance, a network of more than 200 anti-corruption officials from 134 countries including China, India, the United States and among others, met for the first time on Tuesday at the World Bank Group's headquarters to discuss how to advance the investigation and prosecution of corrupt actors, including those who defraud World Bank projects.

"We have seen that individual efforts and smaller networks are achieving successes against corruption. A larger alliance, such as the one we are launching today, can amplify that effect, triggering a more rapid flow of information and igniting a chain of crime-fighting reactions," said World Bank Group President Robert B. Zoellick.

In recent years, the World Bank has prioritized governance and anti-corruption as part of its reform agenda.

"While our focus remains on preventing, investigating and sanctioning fraud and corruption impacting World Bank-financed projects, we embrace global opportunities to assert integrity," contended Leonard McCarthy, World Bank Integrity Vice President.

"Stealing is bad enough, and ripping off the poor is disgusting. Corruption buys impunity, strangles fair opportunity, cripples competition, encourages conflict, stalls economic transformation and chokes growth. The rule of law must be at the center of the development agenda," Zoellick noted in addressing the conference.

The World Bank has identified corruption as one of the greatest obstacles to economic and social development, as corruption undermines development by distorting the rule of law and weakening the institutional foundation on which economic growth relies.

Source: Xinhua


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