Procurement is at the heart of the work that the World Bank and other international development banks do. Countries borrow from these multilateral organisations to develop the public works and services their citizens need: such as healthcare, education, sanitation and infrastructure.
Through public procurement, countries use the borrowed funds to acquire expertise, labour and supplies needed for these projects. And public procurement is an area that we know is fraught with corruption risk.
That’s why Transparency International USA organised a panel as part of the World Bank Civil Society Policy Forum, held in Washington in conjunction with the World Bank/International Monetary Fund spring meetings, focusing on transparency and accountability in public procurement. Our aim was to demonstrate how anonymous shell companies are often used to facilitate corruption in public procurement.
The original article can be found at blog.transparency.org