World Bank Accountability Act of 2017

Bill 115 hr 3326, also known as the World Bank Accountability Act of 2017, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to increase transparency and accountability within the World Bank, an international financial institution that provides loans and grants to developing countries for development projects.

The bill requires the US representative to the World Bank to advocate for greater transparency in the bank's operations, including making project documents and evaluations publicly available. It also calls for increased oversight of the bank's financial management and procurement processes to ensure that funds are being used effectively and efficiently.

Additionally, the bill aims to strengthen the role of the US Congress in overseeing US contributions to the World Bank by requiring regular reports on the bank's activities and impact. It also calls for greater consultation with Congress on key decisions made by the bank. Overall, the World Bank Accountability Act of 2017 seeks to promote good governance and responsible use of funds within the World Bank, ultimately aiming to improve the effectiveness of development projects in developing countries.