{"id":17376,"date":"2017-09-19T12:47:36","date_gmt":"2017-09-19T11:47:36","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=17376"},"modified":"2017-09-19T12:47:36","modified_gmt":"2017-09-19T11:47:36","slug":"imf-fighting-corruption-lagarde","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/imf-fighting-corruption-lagarde\/","title":{"rendered":"Why IMF is fighting corruption- Lagarde"},"content":{"rendered":"<p>The International Monetary Fund (IMF) is joining the fight against corruption because the vice undermines the ability of states to deliver inclusive growth and lift people out of poverty, its Managing Director, Christine Lagarde, has said.<\/p>\n<p>Ms. Lagarde, who spoke in Washington, DC, at an event entitled, &#8216;Addressing corruption with clarity,&#8217; and hosted by Brookings Institution, the International Finance Corporation (IFC), and the Partnership for Transparency Fund and Frank, said corruption is a corrosive force that weakens the vitality of business and stunts a country&#8217;s economic potential.<\/p>\n<p>She added that the IMF has been asked to do more on anti-corruption urgently because there is an agreement, or a growing consensus among &#8220;our members that corruption is a macro-critical issue in many countries.&#8221; In terms of cost, the IMF chief said: &#8220;The annual cost of bribery, just one subset of corruption, is estimated to be between $1.5 trillion to $2 trillion.&#8221;<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p><strong><em>Photo Caption: IMF\u00a0Managing Director, Christine Lagarde\u00a0<\/em><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) is joining the fight against corruption because the vice undermines the ability of states to deliver inclusive growth and lift people out of poverty, its Managing Director, Christine Lagarde, has said. Ms. Lagarde, who spoke in Washington, DC, at an event entitled, &#8216;Addressing corruption with clarity,&#8217; and hosted by Brookings &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":17377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[2765,573],"coauthors":[2391],"class_list":["post-17376","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-christine-lagarde","tag-imf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why IMF is fighting corruption- Lagarde - 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