The IMF will review the role advanced nations play in bribery and other forms of corruption as part of a revised framework on governance around the world.
Under the new system, the International Monetary Fund will assess areas such as budget management, financial-sector oversight, central bank controls, market regulation, and the rule of law. Officials will estimate the economic impact of governance weaknesses and provide policy recommendations, the fund said Sunday.
The IMF will also step up its monitoring of corruption in the countries to which it lends. The IMF’s loan program for Ukraine, for example, has been bogged down by concerns about corruption in the former Soviet republic.
The full original article can be found at bloomberg.com