“The World Bank today released a new report covering global corruption trends in the roads sector and including recommendations based on the experience of developed and developing countries. The report, Curbing Fraud, Corruption and Collusion in the Roads Sector, explores how the World Bank and developing nations can reduce losses from collusion in procurement and fraud and corruption in contract execution, drawing on what the Banks investigative office, the Integrity Vice Presidency (INT), has learned from its investigations of Bank-funded roads projects; borrowing country governments investigations and reports; and the experience of developed countries…To reduce risks of collusion and corruption, the World Bank relies on enhanced supervision tools, investigative resources and a functional sanctions system to assist clients in safeguarding investments in Bank-financed roads projects from fraud, corruption, and collusion. The report suggests that, in addition to more widely adopting project-level preventive measures, more attention should be paid to project supervision, especially in high-risk environments and with a particular focus on verification of cost estimates and the identification of collusive bidding.”
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