Exporting corruption to Bangladesh / Lessons from Goldman Sachs / IMF corruption "macro-criticality"

-

Exporting corruption report: A timely alert for Bangladesh (Blog).  “[Bangladesh’s] leading foreign trade partners are among those it categorized as dismally failing to enforce committed action against foreign bribery…[it] stands to lose the most by turning a blind eye to its commercial partners’ corrupt practices.”  

Iftekhar Zaman/Transparency International: https://www.transparency.org/en/blog/exporting-corruption-report-a-timely-alert-for-bangladesh  

Goldman Sachs’ involvement in 1MDB scandal is a warning for financial sector (Opinion).  “For starters, the cooperation between banks and governments must have principles and bottom lines, and should be conducted in compliance with laws and regulations…Secondly, a financial institution must adhere to the principles it claims…Thirdly, the internal control of a financial company is the lifeblood of the company, and it must not become just an embellishment.”

Wang Yanhang/Global Times: https://www.globaltimes.cn/content/1205100.shtml

Macro-Criticality: The International Monetary Fund’s Black Box (Blog).  “Recognizing that there can be a porous boundary between [macro-]economic and political matters, the IMF developed the concept of “macro-criticality.”… Nevertheless, confusion persists…Anticorruption advocates should pressure the IMF to live up to its promises by seeking clarity on how the IMF specifically considers anticorruption as a procedural matter.”

Clay Hackney/The Global Anticorruption Blog: https://globalanticorruptionblog.com/2020/10/30/macro-criticality-the-international-monetary-funds-black-box/

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