INTERNATIONAL BANKS AGREE TO COOPERATE IN FIGHTING FRAUD
October 1st, 2006
BY KEITH NUTHALL
A COOPERATION deal has been signed by seven of the world's richest development banks to squeeze fraudsters out of projects they fund and oversee. The World Bank, the International Monetary Fund (IMF), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the African Development Bank Group, Asian Development Bank and Inter-American Development Bank Group have agreed a common anti-fraud strategy. Meeting in Singapore, the banks agreed to:
*Produce standardised definitions of fraudulent and corrupt ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.