09 Nov 2011

World Bank and Olaf Sign Cooperation Agreement

A new cooperation agreement has been established between the World Bank’s Integrity Vice-Presidency (INT) and the European Anti-Fraud Office (OLAF) with the objective of combating fraud and corruption in development aid more effectively. This agreement represents the first step in implementing a decision taken by both institutions last May, during the 12th Conference of International Investigators in Washington, where they agreed to enhance operational cooperation between the two services.

The agreement regards mainly cooperation efforts related to exchange of information and the conduction of joint investigations and strategic analyses. It also foresees exchange of staff and cooperation in training activities.

Leonard McCarthy, World Bank’s Integrity Vice President, highlighted that both institutions already have a strong alliance based on their shared interest in fighting illegal activities.

Read the full press release World Bank and OLAF step up efforts to jointly combat fraud and corruption in development aid on europa.eu.