The World Bank has begun the process of reviewing its sanctions regime, the system by which the Bank holds individuals and companies to account for engaging in corrupt activities. Between July and September, contributions from external stakeholders were accepted and a summary of the initial findings has been published. An additional diagnostic report was produced earlier this year which evaluated the performance of the sanctions system, and identified potential reforms. However this report has not been made public. In an August blog, international NGO Transparency International recommended that “the bank should promptly make available the internal diagnostic report” and that “all recommendations by external stakeholders should be published in a timely manner”. The final findings are expected to be presented to the Audit Committee of the Bank’s Board of Executive Directors by end 2013. Recommended changes to the system will be issued for external consultation in early 2014.
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
New IMF gender guidance opportunity for civil society to keep its staff to account.
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