The managing Director of the International monetary Fund (IMF), Christine Lagarde, called for international cooperation in the fight against corruption, which annually costs the global economy around 1.5 trillion dollars.
The Correspondent reports about it.
“Bribery costs the global economy every year to more than $ 1.5 trillion, or 2% of global GDP. Corruption is corrosion, which does not recognize borders. But think about it: new technologies are changing the financial world and the rules of the game,” said Lagarde, speaking to the eighth readings, Henry Kissinger, held in the library of Congress.
According to the head of the IMF, new ideas, including a cryptocurrency that can be used by cybercriminals to direct financial flows to the illegal activities around the world.
“It’s not a problem of one nation or one government. This can be solved only through international cooperation,” – said Lagarde.
Meanwhile, the IMF has said it is ready to work with Ukraine on a new Stand-By program.