May 27th, 2011
If you read my posts, you might be aware that when it comes to bribery and corruption I am often skeptical and even more frequently condemnatory. But I also try to give credit where it’s due. Despite my criticisms and my often snarky tone, my message is one of guarded optimism. I am optimistic in the face of the shortcomings and the outright failings of our international systems because I see a positive trajectory. More trials of foreign bribery, more exposures of government corruption, and more revelations of dictator’s deposits in foreign banks are all good signs. Of...
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May 27th, 2011
Publish What You Pay and Eurodad have launched a
briefing paper (PDF) calling on the EU to propose legally binding measures to require natural resource companies to publish key financial information for each country and project in which they operate.
In recent months, civil society groups working on financial transparency and on tax and development have actively engaged the European Commission and other European institutions responsible for drafting key legislative and non-legislative proposals that will potentially reform European financial reporting standards.
This paper aims to contribute to the current debate...
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May 26th, 2011
Hillary Clinton made an extraordinary speech to the OECD on aid today. It went far beyond anything I might have expected.
The whole thing is here. The important highlights are as follows, in my opinion:
There are many urgent issues we could discuss today, but I want to focus on two. First, partnering with developing countries on reforms in three interconnected areas – taxes, transparency, and corruption – because focusing on these three will give us the tools needed to enable more countries to fund more of their own development. And second, doing more to support women as...
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May 25th, 2011
LONDON and WASHINGTON, DC – HSBC and Goldman Sachs are among the key western bankers for Colonel Gaddafi’s regime, a 2010 document leaked to Global Witness appears to show. The document details the whereabouts of state oil revenues. However the Libyan people could not know where it was invested or how much it was, because banks have no obligation to disclose state assets they hold. Global Witness is now calling for new laws requiring banks and investment funds to disclose all state funds that they manage.
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