The IMF's new anti-corruption framework - 27 April 2018

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Hi there,

This week we zero in on the International Monetary Fund (IMF), the global financial institution tasked with ensuring macroeconomic stability.

The IMF has been making all the right noises about corruption over the past two years, so last weekend we sent a delegation to its spring meetings in Washington DC to engage with the Fund on the issues. Our managing director Patricia Moreira took part in a high-level panel with IMF director Christine Lagarde, who stressed the importance of civil society’s role in the fight against corruption.

Another key highlight from the meetings was the unveiling of the IMF’s long-awaited framework for “enhanced” engagement with corruption and governance issues.

The document is a step forward for the IMF, both in terms of language and ambition, and includes references to the links between corruption, inequality and citizens’ loss of trust. If properly implemented, this new framework could lead to a significant shift in the IMF’s engagement with anti-corruption efforts.

Here at Transparency International we’ll be paying close attention as the new policy comes into effect in the coming months. Our article below outlines the three main things we’ll be watching out for in the implementation of the IMF’s new anti-corruption framework.

 

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Corruption in the news this week

Latest News

USA: New report details dozens of corrupt border patrol agents—just as Trump wants to hire more
Mother Jones (24 April)
 
France: Vincent Bolloré: French tycoon held over 'Africa corruption'
BBC News (24 April)
 
EU/Azerbaijan: Ex-president of Council of Europe assembly under fire for Azerbaijan-linked corruption
Deutsche Welle (26 April)
 
UK: MPs to force Theresa May to take tougher action on money laundering
BBC News (26 April)
 
China: China will crack down on money-laundering: central bank
Reuters (26 April)
 
USA: Mulvaney, watchdog bureau’s leader, advises bankers on ways to curtail agency
The New York Times (24 April)
 

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