In November 2013 the World Bank board approved a proposed new framework on procurement for its clients.
The World Bank has begun reviewing its sanctions regime, but has been criticised by civil society for its lack of transparency.
In early May, World Bank managing director Sri Mulyani Indrawati answered questions from the Indonesian Corruption Eradication Commission in relation to a 6.7 trillion rupiah ($675 million) 2008 bailout of Bank Century.
This session featured a presentation from UN special rapporteur on the links between financial and housing crises, safeguards and the right to adequate housing.
This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.
The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.
Minutes of an open roundtable with EDs that occurred during the 2013 spring meetings.
The International Finance Corporation (IFC, the Bank's private sector arm) loan to Honduran palm oil producer Corporaci
French police searched the Paris apartment of IMF managing director Christine Lagarde in late March as part of an investigation over the way Lagarde, as French minister of finance, handled the compensation settlement of French millionaire Bernard Tapie.
Criticism of the International Finance Corporation's lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development.