Financial Transparency Coalition

NEW DELHI: Ahead of G20 meet in South Korea, think-tank Oxfam said the bloc of 20 countries should devise methods to tackle tax havens, so that the interest of developing nations could be protected.

FREETOWN – Sierra Leone is closing its international shipping registry to foreign-owned fishing vessels in a move intended to reduce illegal catches in its seas and around the world, the fisheries minister said on Thursday.

THE ECONOMIST—CONGRESSMEN working late into the summer nights to overhaul America’s system of financial regulation were surprised when Bono started lobbying them. Yet the rocker-cum-campaigner helped to insert a far-reaching change into the legislation they were drafting. It has nothing directly to do with America’s financial mess, but it will push forward the fight against corruption in the developing world, a cause which has made some much-needed progress recently.

NAIROBI—Kenya lost about Sh156 billion between 2000 and 2008 to illicit outflows of capital perpetuated by wealthy businesspeople and multinationals. These resources can finance about 70 per cent of Kenya's 2010/11 development budget of Sh222 billion.