Financial Transparency Coalition

WASHINGTON, DC – Corruption, kickbacks and bribery are on the rise in Ethiopia, according to a forthcoming report from Global Financial Integrity, a Washington-based research and advocacy organization. According to the study, illicit financial flows out of the African nation nearly doubled to US$3.26 Billion in 2009 over the previous year, with corruption, kickbacks and bribery accounting for the vast majority of that increase.

WASHINGTON, DC – A forthcoming report from Global Financial Integrity (GFI) finds Syria lost US$23.6 billion to corruption, crime and tax evasion from 2000-2009, writes GFI Economist Sarah Freitas in a new blog post on the website of the Task Force on Financial Integrity and Economic Development (financialtransparency.org).

BERLIN – Corruption continues to plague too many countries around the world, according to Transparency International’s 2011 Corruption Perceptions Index released today. It shows some governments failing to protect citizens from corruption, be it abuse of public resources, bribery or secretive decision-making. Transparency International warned that protests around the world, often fuelled by corruption and economic instability, clearly show citizens feel their leaders and public institutions are neither transparent nor accountable enough.

WASHINGTON D.C. / BUSAN, SOUTH KOREA - The Task Force on Financial Integrity and Economic Development applauds donor-groups who met at the High Level Forum on Aid Effectiveness in Busan, South Korea this week for recognizing the role illicit financial flows play in diminishing aid effectiveness and for taking steps to prevent corruption and create stronger aid governance framework. “We applaud all measure that help ensure funds stay where they are needed instead of being syphoned off via corrupt means,” said Raymond Baker, director of the Task Force on Financial Integrity and Economic Development. “Aid can mean the difference between...