Financial Transparency Coalition

GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard.

CHRISTIAN AID—More than a billion people across the world will go to bed hungry on Saturday, the day the United Nations has designated World Food Day. The growing food crisis, which is leaving millions of people without enough to eat, has inequality at its root. Most markets have plenty of food, yet the price has risen beyond the reach of ordinary people.

LONDON—British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.

WASHINGTON, D.C.—A pioneering new measurement of government public disclosure in managing oil, gas and minerals ranks Brazil and Norway highest among 41 countries for making public detailed information about these key resources, the Revenue Watch Institute (RWI) and Transparency International (TI) announced today.