IMF unveils new corruption policy for member states

Christine Lagarde, Director of the International Monetary Fund (IMF). PHOTO | MICHELE TANTUSSI | AFP

The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday.

The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing anonymous corporate ownership.

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