Monday, August 13, 2007
Corruption is the enemy of development
Peter Eigen is Chairman of Transparency International (www.transparency.org), the leading global non-governmental organisation engaged in the fight against corruption. He is a Visiting Scholar at the Carnegie Endowment for International Peace.
Wherever corruption reigns, development aspirations will remain an unattainable dream. That is no longer a view held only by civil society groups. In 1996, World Bank President James Wolfensohn put the fight against corruption centre-stage on the bank's agenda, and the bank now openly declares that it "has identified corruption as the single greatest obstacle to economic and social development".
At the March 2002 UN Conference on Financing for Development in Monterrey, a succession of ministers from donor countries joined World Bank and International Monetary Fund officials in a common judgement: that corruption is the enemy of development. The US Administration's Millennium Challenge aid proposals were presented to Congress in February 2003 with the target of reducing poverty by giving "special attention" to fighting corruption. The mission of Transparency International (TI), now in its tenth year as the world's leading non-governmental organisation engaged in the fight against corruption, is firmly on the global agenda.
See full Article.