Indonesia Chinese investment / IFC-Thailand sustainable finance / Pakistan tycoon assets

-

Indonesian Anti-Graft Agency Warns of Risk of Chinese Investment.   “Indonesia’s anti-corruption agency has warned of the risks of doing business with Chinese firms, while also raising concerns over Beijing’s efforts to exert economic influence in the Southeast Asian nation.”

Karlis Sana/Bloomberg: https://www.bloomberg.com/news/articles/2019-12-03/indonesian-anti-graft-agency-warns-of-risk-of-chinese-investment  

 

IFC and Bank of Thailand Join Hands to Accelerate Sustainable Finance in Thailand.  IFC, a member of the World Bank Group, signed a Memorandum of Understanding (MoU) with the Bank of Thailand (BOT) to join forces to accelerate sustainable financing in Thailand. This partnership aims to enable more sustainable business practices by the financial industry and tackle key challenges to address environmental, social, and governance (ESG) risks.

International Finance Cooperation: https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/02F537E3DF422040852584BF00219B80

 

Pakistan tycoon hands over $248m to settle UK corruption probe.   “Malik Riaz Hussain, a Pakistani real estate tycoon, has agreed to hand over 190 million pounds (approximately $248m) held in the United Kingdom to settle a corruption investigation…[Britain's National Crime Agency] said the assets would be passed to the government of Pakistan,”

Aljazeera: https://www.aljazeera.com/news/2019/12/pakistan-tycoon-hands-244m-settle-uk-corruption-probe-191204065641192.html

Popular posts from this blog

The Pacific - Nepal - Eastern Europe & Central Asia

-
[Blog] How are perceptions of corruption in seven small Pacific countries? Larger Pacific Island neighbors are often garnering the lion's share of attention both from researchers and policy makers. How are the experiences of corruption in countries like Tuvalu, Tokelau, Niue, the Republic of the Marshall Islands (RMI), The Cook Islands, Palau, and Nauru? DevPolicy Blog: https://devpolicy.org/perceptions-of-corruption-in-seven-small-pacific-island-countries-20230223/   [Opinion] Two decades of new anti-corruption law in Nepal: Why it missed its mark. According to a Nepalese journalist, the Anti-Corruption law and Prevention of Corruption act of 2002 laid the foundation for numerous investigations, scandals, and court cases. To a large extent, they did however fail to enable significant conviction and return of assets. Online Khabar: https://english.onlinekhabar.com/anti-corruption-law-missing-target.html   [Blog] Growing security risks and authoritarian
Read more

Middle East & North Africa - Ukraine - Sri Lanka

-
Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-
Read more

Global - Sub-Saharan Africa - Turkey & Syria

-
Invisible Trillions review: Global capitalism operates beyond the rule of law and threatens democracy. Raymond W. Baker's new book "Invisible Trillions" argues that "secrecy has become as important for corporations as transparent and taxable profits used to be". "Only radical improvements across the globe in financial transparency and accountability, and in regulatory capacity and integrity, can break this cycle of political decay and despair". The Conversation: https://theconversation.com/invisible-trillions-review-global-capitalism-operates-beyond-the-rule-of-law-and-threatens-democracy-199311   [Blog] The dynamics of violent extremism in sub-Saharan Africa. There is no better environment for the expansion of violent extremist groups than a vacuum in state authority. These groups begin to compete with the state and may even be initially attractive to communities weary of years of lawlessness, corruption, and chaos according to autho
Read more