NEWS

This section provides readers with the latest news regarding anti-corruption issues worldwide.

World Bank requires legal reforms to support Burkina Faso’s development

The World Bank has decided to increase to $100 million its support to Burkina Faso’s development, subject to adoption of an anti-corruption law and the development of a new mining code, the Burkinabe Ministry of Economy and Finance told APA. [field_txt_news_link]

Beyond Bribery

Last month Greeks delivered a sharp blow to the European Union by voting in the left-wing Syriza Party, which has vowed to end years of painful austerity policies. But Syriza owes much of its popularity for its opposition to something else: elite corruption. As one news report put it, “Many in Greece feel slashed public spending has hit the most vulnerable hardest, while leaving… corruption of the apparent elites untouched.” [field_txt_news_link]

APEC beefs up efforts vs terrorism, corruption

Asia-Pacific Economic Cooperation (APEC) has beef up efforts to curb terrorism and corruption, which are among the impediments in the attainment of inclusive growth in the region. In a statement, APEC said member-economies, through the Counter-Terrorism Working Group, have started improving the regulation of new payment systems to ensure transparent and legal use and clamp down on the financing of terrorist activities. [field_txt_news_link]

Weliamuna joins Mangala to meet World Bank’s StAR unit to recover plundered wealth

Measures to trace the foreign assets of top politicians and officials of the former UPFA Government will get underway in Washington DC next week. For this purpose, Foreign Minister Mangala Samaraweera and eminent lawyer J.C. Weliamuna, a former local head of Transparency International, will meet officials of the World Bank’s Stolen Asset Recovery Unit (StAR) in the US capital. They left Colombo yesterday [field_txt_news_link]

Nigeria: President Jonathan pressed to publish audit into 'missing' oil revenues

Goodluck Jonatha, the Nigerian President, has received a long-awaited audit into billions ofdollars of allegedly "missing" oil revenue just 11 days before a closely foufgt presidentiaelection. [field_txt_news_link]

The Government of Albania launches anti-corruption portal (Panorama)

The government presented on Monday the national online anti-corruption platform, at an event supported by the OSCE Presence in Albania and the UNDP. Prime Minister Edi Rama said that citizens can use the portal anonymously to denounce cases of corruption and even attach relevant documents. He said that the government was ready for this challenge and that citizens now had a weapon in their hands to fight corruption. [field_txt_news_link]

Africa Loses $60 Billion a Year Illegally, Report Says - WSJ

JOHANNESBURG—Companies and government officials are illegally moving as much as $60 billion out of Africa each year, according to a report released Sunday, depriving the world’s poorest continent of capital and tax revenue that could spur faster economic growth. [field_txt_news_link]

Fighting the Causes of Corruption

In this interview first published in Liter newspaper, former Minister of Internal Affairs and former Secretary of the Security Council, current Mazhlis deputy, member of the ruling Nur Otan party and chairman of the National Public Council for Combating Corruption of the party Kairbek Suleimenov discusses the multi-pronged efforts undertaken to defeat the scourge. [field_txt_news_link]

EFCC Partners UK, US, Australia, Others to Fight Corruption

The Economic and Financial Crimes Commission (EFCC) on Tuesday declared that contrary to insinuations in some quarters that the war against graft had been compromised under President Goodluck Jonathan, no fewer than 243 convictions have been recorded in the past two years. The commission also disclosed that there’s no more safe haven for corrupt Nigerians anywhere in the world as it has entered into joint working agreements with no less than 20 entities scattered across Africa, Europe, Asia and America. [field_txt_news_link]

Sri Lanka seeks WB help to track dirty money stashed in Seychelles

The Government is to seek the assistance of the World Bank in a bid to track down illegal deposits that allegedly had been stashed by members of the former Rajapaksa administration in the Seychelles, Deputy Minister of Policy Development and Economic Affairs Dr. Harsha de Silva said yesterday. [field_txt_news_link]

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