| |
| | Underwriting Bribery (The Corner House) |
 | | This briefing outlines the ongoing problem of bribery and corruption in international business, the role of export credit agencies in perpetuating this corruption, its cost to poorer countries, and what measures governments export credit agencies should be taking to tighten their anti-corruption procedures. |
 | | Suspicions of bribery first surfaced in 1994, when the Lesotho government sought to suspend Masupha Sole, the chief executive of the Lesotho Highlands Development Authority, which was responsible for the project, and another Authority official, while it carried out a management audit prompted by irregularities in the Authority's accounts. |
 | | How ECAs respond to bribery convictions in Lesotho, in particular, whether they debar any companies convicted, irrespective of whether they were direct recipients of official export credit support or not, will be a crucial test of their willingness to tackle bribery. |
| www.thecornerhouse.org.uk /item.shtml?x=51986 (15991 words) |
|