Financial Transparency Coalition

Paul Collier of Oxford is speaking at the Task Force – he chairs its economists panel. One third of Africa’s wealth is outside Africa he says. If returned that would increase its capital by 50%. And as he notes the social return on capital on that in Africa would be vastly, vastly more in Africa than it could ever be outside because capital is so scarce in Africa. And as he also points out – the true cost of corruption is the defeat of honest politicians...

The Task Force on Financial Integrity and Economic Development has released a draft agenda for its upcoming conference, “Increasing Transparency in Global Finance: A Development Imperative” which will be held at the Hilton Embassy Row in Washington, DC on Septemeber 16 and 17. The current global financial crisis marks a rare moment when the interests of developing and developed countries are closely aligned. This conference will highlight how a common approach to greater financial transparency can benefit rich and poor nations alike. Speakers will address country-by-country reporting of income and tax paid by multinational corporations, listing beneficial ownership...