IMF managing director Christine Lagarde attends a press conference during the IMF/World Bank spring meeting in US. (Reuters pic)
WASHINGTON: The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday.
The new policy also tackles how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing anonymous corporate ownership.
“We know that corruption hurts the poor, hinders economic opportunity and social mobility, undermines trust in institutions and causes social cohesion to unravel,” IMF Managing Director Christine Lagarde said …read more
Source: Free Malaysia Today
