Global: World Bank wants anonymous companies not to win contracts

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Category: News
Published on Monday, 15 June 2015 02:44
Written by prakob
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World Bank wants anonymous companies not to be given contracts in projects funded by the Bank. A key player in development finance with a $42 billion portfolio, the move would put the World Bank in the forefront of G20 proposals to unmask beneficial owners of shell companies, which often are used to hide illicit funds from crime and corruption.

 

http://www.reuters.com/article/2015/06/08/us-aid-worldbank-contracts-idUSKBN0OO2D520150608

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