home about us contact us jobs at TI sitemap faq Chapter Zone search
news room global priorities regional pages policy and research tools publications support us
home > publications > newsletter > 2006 > May 2006 > anti-corruption... > IMF Development Committee
publications
 






By Amber Poroznuk

The 22 April communiqué of the Development Committee of the World Bank-IMF Spring Meetings puts corruption high on the agenda. Paragraph six of the communiqué follows in full below.

“Promoting good governance, including fighting corruption, and mutual accountability are essential to efforts to achieve the MDGs. We agreed on the need for efforts to improve governance in all countries, to help build effective states with strong national systems and to work together on implementing global initiatives to improve governance, increase transparency and build demand for good governance at the country level in a way that strengthens ownership. The [World] Bank and [International Monetary] Fund should play a full supporting role. We asked the Bank to further develop disaggregated and actionable indicators in areas such as quality of public financial management, and procurement practices. We noted the diagnosis in the Global Monitoring Report that a significant level of corruption is a symptom of poor governance. Building on work over the last decade, we called on the Bank to lay out a broad strategy, to be discussed at our next meeting, for helping member countries strengthen governance and deepen the fight against corruption, working closely with the Fund, other multilateral development banks and the membership, to ensure a coherent, fair and effective approach. This strategy should lead to clear guidelines for operations.”