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Home > Africa: UK development secretary to urge IMF to punish corrupt regimes

Contributor [1]
Wednesday, April 19, 2006 - 03:00
Categories: 
Corruption [2]
Issue Number: 
251 [3]
Article-Summary: 

The UK Development Secretary, is to call for new rules to stamp out corruption and prevent aid being squandered in developing countries. In Washington for the spring meetings of the International Monetary Fund and World Bank, he will urge member-countries to sign up to a new anti-corruption framework. "Corruption, like temptation, exists everywhere, but in poor countries it can kill," he said. "Money meant for drugs for a sick child, or to build a hospital, can be siphoned off into Swiss bank...read more [4]

The UK Development Secretary, is to call for new rules to stamp out corruption and prevent aid being squandered in developing countries. In Washington for the spring meetings of the International Monetary Fund and World Bank, he will urge member-countries to sign up to a new anti-corruption framework. "Corruption, like temptation, exists everywhere, but in poor countries it can kill," he said. "Money meant for drugs for a sick child, or to build a hospital, can be siphoned off into Swiss bank accounts." Paul Wolfowitz, the World Bank's president, has made anti-corruption a key theme since he took over the role last year.

Category: 
Governance [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/33576 [6]

Source URL: https://www.pambazuka.org/node/33260

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[3] https://www.pambazuka.org/article-issue/251
[4] https://www.pambazuka.org/print/33260
[5] https://www.pambazuka.org/taxonomy/term/3274
[6] http://www.pambazuka.org/en/category.php/corruption/33576