World Bank, IMF must firewall against politics, self-Interest: Transparency International | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
June 20, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JUNE 20, 2025
World Bank, IMF must firewall against politics, self-Interest: Transparency International

Banking

TBS Report
25 September, 2021, 10:10 pm
Last modified: 25 September, 2021, 10:35 pm

Related News

  • $3.6b budget support expected by month-end
  • World Bank backs Bangladesh with energy and clean air investment
  • World Bank approves $640m for Bangladesh to bolster energy security, combat air pollution
  • Bangladesh looks at higher rates on some WB loans from July
  • World Bank approves $250m to bolster public sector performance in Bangladesh

World Bank, IMF must firewall against politics, self-Interest: Transparency International

International and multilateral bodies must also get serious about building better safeguards to protect their mandates and legitimacy, said the global civil society organisation

TBS Report
25 September, 2021, 10:10 pm
Last modified: 25 September, 2021, 10:35 pm
Multilateral institutions must firewall against politics and self-interest: Transparency International
Multilateral institutions must firewall against politics and self-interest: Transparency International

To remain credible and maintain trust, the World Bank and the International Monetary Fund (IMF) will need to undertake significant efforts to insulate themselves from politics and undue influence, Transparency International said on Friday. 

Other international and multilateral bodies must also get serious about building better safeguards to protect their mandates and legitimacy, said the global civil society organisation in a press release.

The organisation made the statement after the World Bank last week released the findings of an independent investigation into irregularities in its 2018 and 2020 Doing Business reports, implicating the bank's leadership in the abuse of their positions to alter country rankings.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The probe has cast a shadow on the conduct of Kristalina Georgieva – current managing director of the IMF and CEO of the World Bank at the time – due to her alleged efforts to boost China's ranking.

The events in question coincided with the World Bank's capital increase campaign, during which negotiations with their Chinese counterparts were reportedly contentious. Georgieva has rejected allegations of impropriety.

"It is not shocking that governments with authoritarian tendencies try to game international assessments," said Daniel Eriksson, Transparency International Secretariat's chief executive officer.

"If further substantiated, the willingness of officials in the top ranks of international organisations to bend to this pressure – be it in line with their personal objectives, desire to remain relevant or under the guise of multilateralism – would be truly alarming," he said.

Unless firewalled from politics, studies and country assessments conducted by multilateral and international organisations will suffer the loss of credibility and trust. This is especially true in the cases of processes and negotiations taking place behind closed doors.

"Greater openness to civil society scrutiny can go a long way in mitigating the risks of political interference and undue influence," continued Eriksson. "International financial institutions also need to embed integrity systems to manage the conflicting interests and mandates of their operations."

Top News

Transparency International / World Bank / IMF

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Monsoon in Bandarban’s hilly hiking trails means endless adventure — something hundreds of Bangladeshi hikers eagerly await each year. But the risks are sometimes not worth the reward. Photo: Collected
    Tragedy on the trail: The deadly cost of unregulated adventure tourism in Bangladesh’s hills
  • Smoke rises following an Israeli attack on the IRIB building, the country's state broadcaster, in Tehran, Iran, June 16, 2025. File Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
    Iran says no nuclear talks under Israeli fire, Trump considers options
  • National Consensus Commission during a dialogue with United Peoples' Democratic Front (UPDF) on 10 May 2025. Photo: TBS
    Four months of dialogue, 50 sessions, consensus reached only on two reform proposals

MOST VIEWED

  • BAT Bangladesh to shut Mohakhali factory, relocate HQ after lease rejection
    BAT Bangladesh to shut Mohakhali factory, relocate HQ after lease rejection
  • Collage of the two Shahjalal University of Science and Technology (SUST) students held over raping classmate after rendering her unconscious and filming videos. Photos: Collected
    2 SUST students held for allegedly rendering female classmate unconscious, raping her, filming nude videos
  • BUET Professor Md Ehsan stands beside his newly designed autorickshaw—just 3.2 metres long and 1.5 metres wide—built for two passengers to ensure greater stability and prevent tipping. With a safety-focused top speed of 30 km/h, the vehicle can be produced at an estimated cost of Tk1.5 lakh. Photo: Junayet Rashel
    Buet’s smart fix for Dhaka's autorickshaws
  • Illustration: Ashrafun Naher Ananna/TBS Creative
    From 18m to 590m Swiss francs: Bangladeshi deposits fly high in Swiss banks
  • Mashrur Arefin appointed Chairman of the Association of Bankers Bangladesh
    Mashrur Arefin appointed Chairman of the Association of Bankers Bangladesh
  • Students attend their graduation ceremony. REUTERS/Brian Snyder/File Photo
    US resumes student visas but orders enhanced social media vetting

Related News

  • $3.6b budget support expected by month-end
  • World Bank backs Bangladesh with energy and clean air investment
  • World Bank approves $640m for Bangladesh to bolster energy security, combat air pollution
  • Bangladesh looks at higher rates on some WB loans from July
  • World Bank approves $250m to bolster public sector performance in Bangladesh

Features

Monsoon in Bandarban’s hilly hiking trails means endless adventure — something hundreds of Bangladeshi hikers eagerly await each year. But the risks are sometimes not worth the reward. Photo: Collected

Tragedy on the trail: The deadly cost of unregulated adventure tourism in Bangladesh’s hills

2h | Panorama
BUET Professor Md Ehsan stands beside his newly designed autorickshaw—just 3.2 metres long and 1.5 metres wide—built for two passengers to ensure greater stability and prevent tipping. With a safety-focused top speed of 30 km/h, the vehicle can be produced at an estimated cost of Tk1.5 lakh. Photo: Junayet Rashel

Buet’s smart fix for Dhaka's autorickshaws

13h | Features
Evacuation of Bangladeshis: Where do they go next from conflict-ridden Iran?

Evacuation of Bangladeshis: Where do they go next from conflict-ridden Iran?

2d | Panorama
The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

3d | Panorama

More Videos from TBS

News of The Day, 20 JUNE 2025

News of The Day, 20 JUNE 2025

2h | TBS News of the day
Israel strikes Iranian missile launch site

Israel strikes Iranian missile launch site

3h | TBS World
Tarique Rahman's Potential Homecoming: Preparations Underway?

Tarique Rahman's Potential Homecoming: Preparations Underway?

1h | TBS Stories
Deposits from Bangladeshis fly high in Swiss banks in 2024

Deposits from Bangladeshis fly high in Swiss banks in 2024

8h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net