{International Monetary Fund ╗: Regulatory measures to reduce corruption


4/25/2018

Baghdad / follow - up to the morning
IMF encouraged its members to address the phenomenon of corruption, where the fund will adopt, as of Tmosalmqubl, a new regulatory framework to allow for the annual missions of the teams on the ground to conduct a regular assessment on the "nature and gravity of corruption",

and that includes corruption all the countries of the world From the public and private sectors, and at all levels of society, as evidenced by the recent condemnation of Brazilian President Luiz Inacio Lula da Silva for 12 years in prison for corruption and money laundering.

"We know that corruption hurts the poor and undermines trust in institutions," said Christine Lagarde, IFAD's Director-General, during a recent conference on the phenomenon.

Meanwhile, Paraguayan Finance Minister Lea JimÚnez stressed that corruption is "a multi-level problem involving several elements." Despite Paraguay's attempt to tackle corruption, it remains ranked 135th out of 180 countries, according to Transparency International's 2017
report. The International Monetary Fund (IMF) has no control over corruption, but it can exert pressure across Financial Programs.

He imposed conditions for the payment of additional funds to Ukraine, including the implementation of reforms, and also make real progress in addressing the rampant corruption in the country.

"Corruption thrives in the dark," Lagarde said, adding that the fund's teams got green light from the management committee "to play a more intrusive role." What is new is that the fund will address private sectors, including multinational corporations involved in corruption or money laundering.

http://www.alsabaah.iq/ArticleShow.aspx?ID=156136