World Bank investigators and OLAF jointly target aid fraud

The joint fight against fraud affecting development aid is at the centre of a co-operation agreement signed today in Brussels between the European Anti-Fraud Office (OLAF) and the World Bank’s Integrity Vice-Presidency. The World Bank is the trustee of significant funds from the EU. The agreement will allow investigators from both institutions’ anti-fraud and anti-corruption bodies to join forces more effectively in the defence of monies dedicated to help the poorest and in other fields of their work. From the perspective of the European Union, the co-operation arrangement between OLAF and INT is of particular importance in the field of development aid. In addition to being involved in many projects together, the World Bank is also the trustee of significant funds from the EU. Closer co-operation between the investigative arms of both institutions will help maximise the protection of those funds. Source: EC,
World Bank’s Integrity Vice Presidency (INT)
European Anti-Fraud Office (OLAF)