With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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WASHINGTON— At the IMF-World Bank Annual meetings in Tokyo, the UK Department for International Development (DFID) signed a Memorandum of Understanding (MoU) with the World Bank Integrity Vice Presidency. Both... Show More + organizations agreed to share information and undertake joint or parallel investigations to prevent, detect, disrupt and substantiate fraud and corruption in development projects where both the United Kingdom and the World Bank Group have joint interests."The World Bank’s partnership with a major development player such as DFID will expand our existing cooperation in financing projects to mitigating the risks of fraud and corruption. One area where we have demonstrated significant success is joint forensic audits that helped identify, quantify and confront such risks in several projects," said Leonard McCarthy, World Bank Integrity Vice President. “This MoU is a critical step in advancing our collective efforts to protect taxpayers money and ensure it i Show Less -
It is an honor to be with you. Bob Zoellick is an old friend, and as he mentioned, I chair the Judiciary Committee as well as the Appropriations subcommittee that provides the United States’ annual contribution... Show More + to this institution. What he didn’t say is that having Bob as President of the World Bank gives me and others in Congress a great deal of confidence. I have supported the World Bank’s mission throughout the 36 years I have been a United States Senator. There have been times when I disagreed with some of the Bank’s decisions, or felt its policies fell short. But I have always worked to try to obtain the funds to fulfill the United States commitment to this institution, because it can play such a unique and important role in setting the example for how we collectively confront new global development challenges. One of the issues which I believe governments – including the United States – and the international financial institutions, as well as the United Nati Show Less -
It’s a real pleasure to welcome all of you to the World Bank. Thank you for coming. I’m delighted to have the opportunity to join you at this first meeting of the International Corruption Hunters... Show More + Alliance. We know your mission can be a tough and at times lonely calling. So today, look around you; you don’t stand alone. We have drawn together over 240 people from 134 countries. This attendance alone signals the significance of this topic and the potential of this Alliance. You take on crime each and every day. I want to thank you for your commitment and dedication to rooting out corruption. I especially want to thank Leonard McCarthy, the World Bank Group’s Vice President for Integrity (INT), for his leadership. With the support of Steve Zimmerman and Galina Mikhlin-Oliver, Leonard is strengthening, expanding, and building a critical operation. They are enlarging INT’s role from the investigation of corruption with Bank projects to the Show Less -
OVERVIEWMarch 10, 2010 - The state of Bihar in India is home to some of the country's poorest people. But a new reform effort by the Bihar government, backed by World Bank funding and technical support,... Show More + has helped it improve public finance management and direct the proceeds to getting more children into schools, to immunizing its people, and to fighting corruption. Reducing poverty and accelerating growth in the state are likely to have national implications, particularly in helping India reach the Millennium Development Goals.HIGH POVERTY LEVELS, POOR INFRASTRUCTURE AND SERVICESBihar is one of India’s largest and poorest states. Until 2007, economic growth in Bihar was much slower than the rest of the country. The state’s public services and infrastructure were among the worst in India. Nearly half of all workers were agricultural laborers, about double the national average. Only a third of the women were literate, infant mortality was high, and over half the children were underweight Show Less -