The United States, as a member or the World Bank/OECD Global Corporate Governance Forum, is working with all the international financial institutions and a majority of the private sector to insure that these institutions promote excellent corporate practices.
The World Bank and any regional development banks, are encouraged by the US and other international donors to incorporate anti-corruption policies as a major focus to their activities and all their lending practices.
As an active participant in the Council of Europe’s (CoE) Group of States Against Corruption (GRECO) that watches the efforts of all 34 members to implement all their commitments to anti corruption principles, The United States, has made on site visits to evaluate anti corruption efforts, over the past three years, put forth by all the GRECO’s members, checking for compliance with the CoE’s 20 guiding principles, the Criminal Law Convention on Corruption and providing valuable constructive advice on how these efforts can be improved upon.
The United States will continue and step up its efforts to be a leader that promotes a societal role who fights against corruption. Primarily, this work will take the form of technical assistance and provide funding for any anti-corruption organization throughout the world. The US is promoting in several countries, formal partnerships between civil societies and government that relate to the fight against corruption.
Fighting corruption is the United States a priority in foreign policies. According to the World Bank, corruption is the greatest obstacle to the promotion of social and economical development. They have estimated that over a trillion dollars every year is spent by national economies for bribery alone. But, what is key to fighting corruption will involve a broad cross section of the criminal justice sector and law enforcement. This encompasses counter-narcotics, counter-terrorism, money laundering, smuggling of goods, illegal migration, financial crime, trafficking in persons, terrorist financing, border controls, cyber-crime and intellectual property rights protection. Accountability at all levels of government and throughout the private sectors will now be scrutinized more than ever before.
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