The World Bank consists of two entities: the International Bank for Reconstruction and Development (IBRD), which lends to governments; and the International Development Association (IDA), which gives interest-free loans, credits, or grants. These two entities, together with the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Center for Settlement of Investment Disputes (ICSID), form the World Bank Group.
THE WBG AND THE LIMA COMMITMENT
World Bank institutional offerings are provided at the request of member countries, and are grouped into four areas:
Public policies to promote transparency
World Bank initiatives in Latin America recognize that preventing and fighting corruption calls for solid institutions to restore citizens’ trust in their governments. Seeking to promote transparency and accountability in the public sector, the World Bank supports initiatives in open government and open data, e-government and data analysis, and strengthening of the highest regulatory institutions and anti-corruption agencies; promotes the application of global financial reports and auditing standards and application of corporate governance best practices. The World Bank supports projects to provide better access to justice and provide justice system personnel with institutional capacity building, with a view to strengthening institutional capacity in the judicial sector.
Citizen participation is considered by the World Bank to be a core focus of governance, especially in promoting transparency and accountability. Seeking to improve the design and effectiveness of government public policies related to transparency, citizen participation, and public integrity, it supports application of a variety of instruments, including financial disclosure forms, as well as participatory budgeting initiatives.
Effective public resources management
The World Bank promotes digital governance, which supports digital reforms through improvements in e-government services, such as electronic civil registries and electronic invoicing, electronic platforms to strengthen public service monitoring and evaluation, electronic procurement systems, and contract management systems.
To ensure accountability and financial disclosure, the World Bank uses information technology and data analysis. It also supports public sector reform to promote transparency and combat corruption in various sectors, as well as public service reforms related to their regulatory frameworks and institutional agreements governing public employment in various countries of the region. It also supports government capacity to promote measures for preventing and managing conflicts of interest and unlawful enrichment in the public sector.
Public service delivery
Government performance monitoring involves effective participation by civil society, social organizations, academia, the private sector, citizens, and other social actors. The World Bank seeks to raise the visibility of transparency and accountability initiatives in most of the countries of the region. The stimulus for e-government projects is geared towards digitalizing administrative processes and creating channels for interacting with citizens by remote, which in turn provides opportunities to make the public sector and service quality more efficient and service delivery more traceable, resulting in better access to services.
In 2016, the World Bank Group launched the New Procurement Framework, aimed at making procurement processes more flexible, efficient, and transparent. The World Bank’s Procurement Policy serves as a model for international leadership, to influence procurement markets beyond the projects it finances.
WBG AND THE JSWG: UNITED AGAINST CORRUPTION
With the September 2018 signing of the Memorandum of Understanding between the Joint Summit Working Group (JSWG) organizations, a framework is being promoted for the Parties to cooperate, through the JSWG, to strengthen coordination to support implementation and follow-up of Summits of the Americas mandates.