A coalition of international NGOs has demanded a halt to Egypt’s US$5.2 billion coronavirus support loan out of concern over rampant corruption in the country.
An ex-Credit Suisse banker admitted last week he took kickbacks in a scheme that saw state-owned companies in Mozambique take US$2 billion in loans which helped drive the country into default on its debt,Reuters reported on Friday.
As Pakistan continues to arrest corrupt officials under the direction of Prime Minister Imran Khan, some officials have slowed major programs in fear of being persecuted.
The International Monetary Fund has approved Ukraine’s revised plan for an anti-corruption court which, once it’s signed into law, will unlock the next US$2 billion loan tranche, Reuters reported Wednesday.
Latin American and European finance ministers met in Washington on Thursday to discuss Venezuela’s international financial standing and alleged corruption, the Washington Post reported.
Ukrainian lawmakers will uphold a requirement for activists to declare their wealth despite European warnings that the law undermines anti-graft efforts, Reuters reported Tuesday.
Ukrainian President Petro Poroshenko vowed on Tuesday to replace a languishing anti-corruption bill with a new draft that will establish a special anti-corruption court.
The International Monetary Fund (IMF) voiced concerns over the fraying anti-corruption institutions of Ukraine in a statement on Wednesday.
International Monetary Fund (IMF) Managing Director Christine Lagarde was convicted of negligence by French court on Monday but will not face any punishment or lose her job at the head of the international financial institution.
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), warned Ukraine’s government to “act now” to improve governance and fight corruption or risk losing out on critically-needed funding.
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