(September 29, 2004) While the U.S. Senate Foreign Relations Committee has been inquiring into combating corruption in the multilateral development banks, the World Bank has been attempting to compute the scale and cost of widespread corruption in the developing countries.
(September 22, 2004) London, England: Billions of pounds, enough to pay for the entire primary health and education needs of the world’s developing countries, are being siphoned off through offshore companies and tax havens, according to a new group called Tax Justice Network.
(September 3, 2004) Rod Liddle says that Mark Thatcher’s latest difficulties reveal an extraordinary, even hilarious, degree of corruption and humbug in the West.
(August 25, 2004) The biggest public pension funds in the U.S., having wrestled with everything from apartheid to tobacco to corporate governance, have a new issue to worry over.
(August 21, 2004) The Supreme Court has asked President Megawati Soekarnoputri to swear in Anticorruption Court judges to speed up the trial of corruption cases.
(August 20, 2004) The World Bank has adopted new financing regulations aimed at preventing corrupt leaders from shoring up their regimes using oil and gas revenue, it announced this week.
(August 20, 2004) Cambodia has promised reform in an effort to attract foreign investors. Prime Minister Hun Sen said the government will reduce costs for businesses, cut bureaucracy and strengthen the rule of law. Dramatic falls in foreign direct investment, criticisms from the World Bank over corruption and a fall in the forecast growth rate prompted the move.
(August 20, 2004) A squeaky-clean reputation for business and government is usually an excellent guide to a country’s prosperity and economic openness. The Apec Business Advisory Council has put the fight against corruption at the top of its list of key issues.
(August 16, 2004) The Board of the World Bank Group has called for reforms of the Extractive Industries (mining, oil and gas) in Nigeria and other developing countries. The World Bank has endorsed the Extractive Industries Transparency Initiative.
(August 15, 2004) After two years, 130 countries including the Philippines completed the negotiation for a landmark United Nations Convention Against Corruption.
(August 12, 2004) To curb corruption, public administration reform must include the strengthening of parliamentary oversight and accounting bodies like the Auditor-General’s office, and new laws.
(August 12, 2004) Who benefits from weak and corrupt governments? Companies that require cheap production and every opportunity to circumvent statutory obligations.
(August 12, 2004) Corruption, coupled with non-transparent regulations, red tape and the lack of infrastructure, is choking economic growth in Cambodia according to a damning World Bank report released Thursday.
(August 11, 2004) Rampant corruption has paralyzed private businesses and is hampering economic growth in Cambodia, the World Bank said Thursday in a damning report about the country’s bribe-ridden investment climate.
(August 2, 2004) The American Treasury Department is being prodded into more effective action over fraud and corruption in the use of money voted for foreign assistance programs and funding institutions such as the World Bank.