The book is the result of the work of many divisions of the World Bank and reflects efforts aimed at better understanding the phenomenon of corruption. Its first part is devoted to corruption in such sectors of the economy as health care, education, forestry, roads, electricity, oil and gas, water supply and sewerage. The second part examines public financial management, in particular the formation and execution of the budget, public procurement of goods and services, and the activities of tax and customs departments. The third part deals with anti-money laundering. The Many Faces of Corruption offers a practical framework that will help reformers analyze corruption and target sector-level reforms. This book is addressed to both researchers and practitioners interested in economic development.