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"Corruption is the enemy of good business and of sustainable development" |
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Written by Cynthia Carroll
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Tuesday, 05 February 2008 |
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 "As a long-term investor, we have a strong interest in defeating corruption. It increases political instability and makes the process of doing business less predictable. Moreover, corruption erodes trust and, in our business, having a government that people trust to protect their interests is of crucial importance on issues such as permitting, tax and the enforcement of environmental standards", said Cynthia Carroll, CEO of Anglo American, in her address at Transparency International UK's Annual General Meeting.
Mr Chairman, it is an honour to be invited to speak to you this evening. Anglo American has long been a corporate supporter of Transparency International both in the UK and at an international level and we are proud to be associated with you in the fight against corruption.
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Corrupting the Fight Against Corruption |
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Written by Joseph E. Stiglitz
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Wednesday, 23 January 2008 |
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 At its annual meeting in 2006, World Bank officials spoke extensively about corruption. It is an understandable concern: money that the Bank lends to developing countries that ends up in secret bank accounts or finances some contractors? luxurious lifestyle leaves a country more indebted, not more prosperous.
James Wolfensohn, the Bank?s former president, and I are widely credited with putting corruption on the Bank?s agenda, against opponents who regarded corruption as a political issue, not an economic one, and thus outside the Bank?s mandate. Our research showed systematic relationships between corruption and economic growth, which allowed us to pursue this critical issue.
But the World Bank would do well to keep four things in mind as it takes up the fight.
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The good, the bad and the president |
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Written by Staff - The Economist
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Tuesday, 08 January 2008 |
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 Nigerians are painfully aware of how much corruption has cost their country?over $400 billion, according to official estimates. That is the equivalent of about two-thirds of all the aid given to the whole of Africa since the 1960s, and more than anything else explains why most people in this oil-rich country still live in poverty.
Yet in recent years the government had started a belated fight against corruption. And if one man has become the symbol of that campaign it is the crusading young head of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu. |
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