: :inin Kyiv (EET)

IMF: Global corruption costs trillions in bribes, lost growth


Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday.
In a new research paper, the IMF said that tackling corruption is critical for the achievement of macroeconomic stability, one of the institution’s core mandates.
The Fund argues that strategies to fight corruption require transparency, a clear legal framework, a credible threat of prosecution and a strong drive to deregulate economies.
“While the direct economic costs of corruption are well known, the indirect costs may be …read more

Source: Cyprus Mail

World press about Ukraine

This website is created to observe information about Ukraine in the world media. More information about press.uaposition.com you can read here

World press category: terms & conditions