Weekly news – 27 April 2018
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.
News from Transparency International
Last Sunday, the International Monetary Fund (IMF) unveiled its long-awaited framework for “enhanced” engagement with countries on corruption and governance issues.
Following recent calls for the resignation of the head of Mongolia’s leading anti-corruption body, Transparency International urges the president of Mongolia to stop undermining anti-corruption efforts nationwide and cease threats to fire the country’s top watchdog.
New from the #DaphneProject: a new investigation suggests that the Pilatus bank of Malta was used to launder millions of dollars for the ruling family of Azerbaijan and their associates. This should be a wake-up call on beneficial ownership transparency for world’s richest nations.
The European Commission published its long-awaited proposal for an EU-wide Whistleblower Directive. The proposal, which is a victory for whistleblowers and campaigners alike, could not come at a more vital time.
New on Voices for Transparency
In southern Italy, public works are often perceived as a useless and a waste of money. Can citizen involvement change that?
Source: Transparency International
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.