{
  "id": "RL32374",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RL32374",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 104333,
      "date": "2004-07-07",
      "retrieved": "2016-04-07T20:12:45.700999",
      "title": "Anti-Corruption Standards of the International Financial Institutions",
      "summary": "The international financial institutions (IFIs) all have procedures to prevent, identify, and punish\ncorruption within their organizations. The World Bank appears to have the most extensive and\ndetailed process for addressing corruption issues, but the other multilateral development banks\n(MDBs) have or are establishing similar procedures. The International Monetary Fund (IMF) does\nnot make loans for specific projects; all its loans go directly to the central bank or finance ministry\nof the borrower country. Nevertheless, it also has procedures for preventing, investigating, and\npunishing unethical or corrupt practices. \n  Organizations may achieve more effective anti-corruption programs by implementing\ncomplementary measures to counter corruption at many levels. These include scrutiny of the IFIs'\nlending procedures, their systems for the procurement of goods and services, staff conduct, oversight\nand management of their operations, and the education of staff on policies and procedures. Major\nprocedures for controlling corruption include the establishment of an independent corruption unit,\nan oversight committee, mandatory staff financial disclosure procedures, and a corruption reporting\nhotline. The World Bank is the only IFI that has adopted procedures in all four areas. Most of the\nothers, excepting the African Development Bank (AFDB) and the International Fund for Agricultural\nDevelopment (IFAD), have procedures in three of these areas. The AFDB requires mandatory staff\nfinancial disclosure and is considering possible action in the other areas. IFAD's anti-corruption unit\nis organized differently than the other IFIs in that anti-corruption responsibilities are carried out by\nits Office of Internal Audit, but it functions similarly to anti-corruption units at the other IFIs. Also,\nIFAD is still in the process of implementing mandatory staff financial disclosure.\n  This report provides, on a side-by-side basis, comparisons of the anti-corruption procedures in\nthe MDBs and the IMF. It also provides a detailed description of the institutional arrangements each\nIFI has adopted to address corruption issues. This report will be updated if significant changes are\nmade in the systems and procedures it describes.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "encoding": "utf-8",
          "url": "http://www.crs.gov/Reports/RL32374",
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      ],
      "topics": []
    }
  ],
  "topics": [
    "Economic Policy",
    "Environmental Policy",
    "Foreign Affairs"
  ]
}