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October 2, 2008

Which Countries Make the FY2009 Corruption Cut? - MCA Monitor

With the U.S. Millennium Challenge Corp. (MCC) soon to release the scorecards and performance data that form the basis of the FY09 country selection round, Sheila Herrling and Amy Crone examine how countries fare on the control of corruption indicator, the only “hard hurdle” that countries must pass to qualify for MCC money, in this new MCA Monitor Analysis.

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Amy Crone and Sheila Herrling
January 17, 2008

Cracking Down on Rich-World Bribe Payers

The U.S. Foreign Corrupt Practices Act is supposed to prevent U.S. corporations from giving bribes while conducting business abroad--bribes that encourage corruption in poor countries and stymie development. But some corporations use gaping loopholes in the law and its international counterpart, the OECD Convention on Combating Bribery, to win contracts and enjoy special advantages without fear of prosecution. Combating Corrupt Payments in Foreign Investment Concessions: Closing the Loopholes, Extending the Tools, a new report by CGD non-resident fellow Theodore Moran, describes the nature of these corrupt relationships and the harm they cause. It also offers suggestions on how to prevent them, including re-drafting the U.S. law and the OECD convention, tightening enforcement, and extending the Extractive Industries Transparency Initiative to other sectors and industries.

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