imf

corruption

Bribes drain $2 trillion from global economy, hurting poor

WASHINGTON (AP) — A global finance leader asserts that as much as $2 trillion, or 2 percent of the global economy, in bribe money courses through developing and developed countries each year, undermining economic growth and diminishing basic services most needed by the poor. "Corruption has a pernicious effect on

greece

IMF won’t join Greek bailout before reforms

WASHINGTON (AP) — The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must