A new report from the IMF at its spring meeting shows that curbing corruption would deliver an additional US$1 trillion in tax revenues annually across the world; money that could support much-needed investments in health, education and infrastructure. In this season of trade-war fears, threats of economic shocks and warnings of a global economic slowdown, the IMF signalled a clear ambition to take a lead on tackling corruption. Reports for over sixty member countries mention that money-laundering and bribery have more than doubled. Mentions of the term ‘corruption’ increased by over 220%. Transparency International’s report on the IMF stated, ‘It is not enough just to mention corruption. What we would like to see is the IMF also making specific, actionable, and time-bound recommendations to tackle corruption.’
Global: the trillion dollar anti-corruption question
Written by David Fletcher 19 Apr 2019Additional Info
- Pray: for greater action to eradicate all forms of corruption that have negative effects on the economy, including money-laundering across borders. (Proverbs 20:1)
- More: www.transparency.org/news/feature/the_trillion_dollar_question_the_imf_and_anti_corruption_one_year_on?
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