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WASHINGTON — The World Bank should “sell anticorruption” to countries that want to attract more private investment, according to the institution’s integrity chief.
As the bank turns more of its attention and resources to crowding private sector dollars into development finance opportunities, the institution has an opportunity to make the business case for cracking down on corruption, said Pascale Hélène Dubois, the bank’s vice president for integrity, on Wednesday.
“A country that starts getting a better reputation in terms of fighting corruption will attract much more private sector investment than other countries,” Dubois said at the Center for Global Development.
“The other day, I was speaking up in a meeting with all the vice presidents, and it was about attracting private sector development, and so I told [World Bank President] Jim Kim … ‘I think that the World Bank, we should try and sell anticorruption as a way to attract private sector development,’” Dubois said.