NYTIMES:
The World Bank and the United Nations announced Monday that they were setting up a system to help developing nations recover assets stolen and sent abroad by corrupt leaders that amount to an estimated $40 billion a year.
“There should be no safe haven for those who steal from the poor,” Robert B. Zoellick, the bank’s president, said in presenting the plan with Secretary General Ban Ki-moon.
Mr. Zoellick estimated that the overall cross-border flow of global proceeds from criminal activities, corruption and tax evasion was $1 trillion to $1.6 trillion annually, and said that even a small portion of that could provide financing for much-needed social programs.
- MAYBE ZOELLICK AND MOON CAN DO IT, BUT I DOUBT IT.
- I SUSPECT THAT THEY'LL HAVE TO CLEAN THE "AUGEAN STABLES" OF THEIR OWN INSTITUTIONS FIRST.
- AS IT STANDS NOW, THE UN AND THE WB HAVE ENORMOUS PROBLEMS OF THEIR OWN.
- HAVING THESE INSTITUTIONS INSPECT THIRD WORLD KLEPTOCRACIES WILL WORK ABOUT AS WELL AS OIL-FOR-FOOD.
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