Sweeping changes to the World Bank’s policies and procedures are afoot that will make the procurement process more consistent, transparent, and streamlined for companies that bid on bank-funded contracts. A big focus: how to reduce bribery and corruption in the procurement process.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...