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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Pascale Hélène Dubois, Vice President, Integrity, World Bank Group
Kathrin Frauscher, Deputy and Program Director, Open Contracting Partnership
Hasan Tuluy, Board Director, Partnership for Transparency and former Vice President, World Bank
Charles Kenny, Director of Technology and Development and Senior Fellow, Center for Global Development
The World Bank Group committed nearly $60 billion for development projects and programs in fiscal year 2017. As the largest individual source for development finance in the world, the Bank frequently sets standards and adopts practices that spread both to other multilateral institutions as well as governments worldwide.
In 2017, the Integrity Vice Presidency (INT), an independent office within the World Bank Group that investigates and pursues sanctions related to allegations of fraud and corruption in World Bank Group-financed projects, opened 51 investigations and issued 52 reports covering 68 Bank Group projects, while also providing preventative services and undertaking internal investigations. Through its Integrity Compliance Office, INT plays a preventive role by actively engaging sanctioned entities in pursuing rehabilitative measures, such as the implementation of integrity compliance programs.
These activities helped safeguard the World Bank Group’s funding against misuse, but was there a broader impact beyond the contracts and contractors involved?
Pascale Hélène Dubois will discuss the global impact of World Bank investigation and prevention activities and then join a panel with Kathrin Frauscher, Deputy and Program Director, Open Contracting Partnership and Hasan Tuluy, Partnership for Transparency Board Director, former World Bank Vice President, to dive deeper into what more can be done at the World Bank and other international institutions to combat corruption.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.