A provision recently passed by the US Congress requires the International Bank for Reconstruction and Development (IBRD, the World Bank’s middle-income country arm), the African Development Bank and the Inter-American Development Bank to make “substantial progress” towards implementing “best practices for the protection of whistleblowers from retaliation” before the US contributes more funding to their capital base. A 2007 study by consulting firm PricewaterhouseCoopers showed that whistleblowers were the initial means of detecting economic crimes in 43 per cent of cases. The new regulations are intended to contribute to improving accountability and reducing corruption in the development industry.
New US law requires World Bank, MDBs to implement whistleblower protections prior to general capital increases
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
This briefing provides an overview of the immunity of international organisations in US law, looking at a lawsuit brought against the IFC regarding the Tata Mundra coal power plant in India.
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