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World Bank wants to stop anonymous firms winning contracts (Reuters)

The World Bank wants all corporate bidders on bank-funded projects to publicly reveal their true owners as a way of tackling fraud and cronyism in government contracts.

“We are asking the World Bank to take a leadership role to prevent the corruption and cronyism that exists in government contracting when politically-connected officials and companies are able to hide their connections behind the screen of an anonymous company,” said Shruti Shah of Transparency International-USA. Read more


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