Financial Transparency Coalition

WASHINGTON, DC—The Brazilian Development Bank (BNDES) became the 100^th organization to sign on as an Allied Organization of the Task Force on Financial Integrity and Economic Development, the global coalition announced today.  Allied Organizations lend their name and support to Task Force initiatives and are added to a distribution list-serve for Task Force news and reports.

“The work the Task Force is doing to promote a transparent and equitable global financial system has broad appeal and is bringing together a dynamic and diverse group of civil society organizations,” said Global Financial Integrity and Task Force director Raymond Baker.  “We have organizations from 29 countries representing a broad range of issues, including such groups as the Campaign for America’s Future, the Catholic Agency for Overseas Development, the Global Health Council,  the African Network for Environment and Economic Justice, HELIO International, Revenue Watch Institute, eStandards Forum, and the International Trade Union Confederation, to name a few,” noted Mr. Baker.

The list of countries with Allied Organizations signed-on includes: Afghanistan, Azerbaijan, Bangladesh,  Belgium, Brazil, Cameroon, Canada, Ethiopia, France, India, Indonesia, Italy, Kenya, Macedonia, Malaysia, Montenegro, Morocco, Nepal, Nigeria, Pakistan, Peru, Portugal, South Africa, Sweden, Switzerland, Tanzania, The Netherlands , the United Kingdom, and the United States.

A complete list of Allied Organizations is available here with more information about the Task Force available at http://www.financialtransparency.org/.

The Task Force was launched in January 2009 with financial support from the Norwegian government to serve as a unique global coalition of civil society organizations and more than 50 governments advocating for greatly improved financial transparency through the implementation of five policy recommendations:

• curtailment of trade mispricing,
• country-by-country reporting,
• beneficial ownership of accounts,
• automatic tax information exchange, and
• harmonization of predicate offenses under anti-money laundering laws.

The Task Force promotes its recommendations at the international level, including the G8, G20, OECD and World Bank, and at a domestic level with central governments in developing and developed countries.

For general Task Force information or to inquire about becoming an Allied Organization contact Task Force coordinator Christine Clough.

For more information about the Brazillian Development Bank, visit http://www.bndes.gov.br/.

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Contact:

Monique Perry Danziger
mdanziger@gfip.org
+1 202.293.0740 ext. 222
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The Task Force on Financial Integrity and Economic Development addresses inequalities in the global financial system that penalize billions of people, and advocates for improved transparency and accountability.

For additional information please visit http://www.financialtransparency.org