Multinationals fuel graft in poor states: watchdog
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Multinational companies and financial institutions that use bribery and tolerate illicitly gained wealth are helping fuel corruption in the world's poorest countries, a global corruption watchdog said on Wednesday.
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The United Nations and the World Bank joined forces Monday to try to recover billions of dollars stolen from the coffers of developing countries every year by corrupt leaders and officials.
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Multinational firms like Wal-Mart  , Target  and Tyco International  on  Wednesday endorsed a new Web site where companies and  individuals can report bribery and corruption in countries  where they do business.
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International aid officials and development experts are voicing concern that the outpouring of generosity from the world's governments may deplete resources for other pressing needs in much poorer countries.
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Corruption is rampant in sixty countries of the world and the public sector continues to be plagued by bribery, says a report by a respected global corruption watchdog.
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Amid energy crisis, S. American region is growing dependent on their continent's poorest country.
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The U.N.-ordered probe into oil-for-food corruption is being seriously hampered by an elaborate system of ghost firms set up around the world to cover the tracks of bribes to Saddam Hussein as he cheated the &#36;60 billion program, a top investigator said.
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OSLO, Nov 20 (IPS) - An international initiative to battle corruption in  oil, gas and the mineral industries could relocate to Norway.
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The level of foreign investment in Vietnam is rising but foreign donors say the country's government needs to tackle corruption and improve infrastructure.
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Climate concerns are pushing corporates to do good by doing well. Meanwhile, new research puts a number on the ecological impact of rich country lifestyles on poor ones.
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A combined PC, telephone and television is being used in aid projects in India.
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The World Bank wants the governments of poor countries to do more to improve their investment climates, action it described as central to economic growth and poverty reduction.
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Rich countries need to honour their promises and deliver cash pledged for tsunami-hit countries, Oxfam says.
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OSLO, Aug 18 (IPS) - Norway is using its oil expertise to help similarly  oil-rich, yet often poor and corrupt states that want to pass on  more of their vast revenues to their citizens.
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The World Bankâs efforts to fight corruption are plagued by weak management, distrust and employee resistance, a panel of outside experts said.
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The world's biggest corporations are scrambling to tap a market they have largely ignored for decades -- the world's 4 billion poor people.
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The world's poorest nations are at a technological disadvantage, says a United Nations trade body.