Anti-Corruption Experts Discuss the Effects of
Corruption in Development
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The U.S. and International Anti-Corruption Law Program at American University Washington College of Law hosted an expert discussion on recent developments in foreign bribery enforcement and compliance practice, as well as how international financial institutions are confronting the challenge of corruption to effective development outcomes.
The February 13, 2016 panel was moderated by Professor Nancy Boswell ’86, Director of the law school’s June 6-10, 2016 Anti-Corruption Law Certificate Program, a unique peer-to-peer training program. The panel featured Douglas Paul, a former Securities and Exchange Commission lawyer; Stephen Zimmerman of the World Bank Group’s Integrity Vice Presidency; Frank Brown, Anti-Corruption Team Leader at the Center for International Private Enterprise; and Carolina Soledad Rudnick Vizcarra, a Chilean human trafficking expert and fellow at the Washington College of Law.
Brown, a graduate of the Anti-Corruption Law Certificate Program, recapped the event CIPE's blog, Corporate Compliance Trends. Read excerpts from his summary of the event below.
"The intersection of anti-corruption and economic development efforts was a touchstone throughout the panel discussions…Perhaps the most vivid illustration of including robust anti-corruption elements into development projects in highly corrupt environments came from Zimmermann. He recounted the case of Bangladesh’s Padma Bridge, a large World Bank-funded construction project designed to spark economic development but cancelled due to significant corruption issues. The World Bank’s decision prompted a vigorous debate in anti-corruption and development circles over how best to serve the project’s intended beneficiaries while not feeding corrupt entities tied to the project."
Brown also described the anti-corruption program as the "only one of its kind globally based in a law school."
Read the full post on CIPE's blog.