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Accountability
January 2, 2019
What Ails CAG, and What Can Be Done?
The institution of Comptroller and Auditor General (CAG) in India is patterned on the British model. In Britain, The Exchequer & Audit Department Act of 1866 created the office of CAG with a view to strengthen democracy and exercise parliamentary control over national finances. The office of CAG...
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December 24, 2018
The Davids and the World Bank!
“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolution establishing the Inspection Panel. Over the next 25 years, the Panel forged a legacy as the prototype for international financial organizations to hold themselves accountable. To...
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October 26, 2018
An Insight into CVC’s Bank Frauds Analysis
What is the inside story of the bank frauds in India? An insight into the ‘Top 100’ bank frauds by the Central Vigilance Commission On October 15, 2018, the Central Vigilance Commission (CVC) released a report titled, ‘Analysis of Top 100 Bank Frauds’. The report provides vital information on the mo...
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October 5, 2018
CSOs Ask World Bank to Strengthen the Inspection Panel
Submission to the Inspection Panel Working Group We are happy to note the Working Group of the World Bank Board’s Committee on Development Effectiveness is reviewing the Inspection Panel’s toolkit to determine whether it should be revised to enhance the Panel’s effectiveness. We take it as a positiv...
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January 25, 2019
25 Years of Independent Accountability Mechanisms
This year, the Inspection Panel, the accountability mechanism of the World Bank, is completing 25 years. The World Bank’s failure to comply with its operating policies was seen by the entire world in the Bank’s financing of the Sardar Sarovar Dam project on River Narmada. In the 1980s, the tenacity ...
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