The International Monetary Fund has pledged to support governments in adpoting measures to fight corruption.
It vowed to do so by publishing procurement contracts, commissioning independent audits and stepping up anti-money laundering measures.
Speaking in an interview with Transparency International, Managing Director of the IMF, Kristalina Georgieva, described corruption as a debilitating force that targets the poor in the economy. She said, “Corruption is a corrosive force that hits the poor and the most vulnerable people the hardest and it is tragic when government action is needed to save lives and protect livelihoods but money is squandered rather than deployed for what is their priority.
“And this is why the IMF will continue to support governments in their efforts to adopt a range of measures from publishing procurement contracts online, to commissioning independent audits to improve transparency and public financial management to set up anti-corruption and anti-money laundering measures.”
The IMF boss examined the role civil soceities play in curbing corruption and lauded them for their work.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria needs to spend 18% GDP on infrastructure – IMF|p style=
Read more »
Alleged land scam: ‘Sanusi has case to answer’ - Ganduje insists on probing dethroned Emir of Kano - Daily Post NigeriaKano State Governor, Abdullahi Umar Ganduje, has insisted that the Kano State Public Complaints and Anti-Corruption Commission would go on with the
Read more »
Ganduje Orders Agency to Continue with Probe of Deposed Emir Sanusi - THISDAYLIVEBy Ibrahim Shuaibu Kano State Governor, Abdullahi Umar Ganduje, has given a nod to the Kano State Public Complaints and Anti-Corruption Commission to go on with the probe of deposed Emir of Kano, Muhammadu Sanusi II. The governor made this known at the media interactive session held at Africa House, Government House, Kano, Monday. Recall …
Read more »
Nigeria needs to spend 18% GDP on infrastructure – IMF|p style=
Read more »
UK PM Johnson Announces Inequality Review After Anti-Racism ProtestsUK PM Johnson Announces Inequality Review After Anti-Racism Protests
Read more »