To promote growth and reduce poverty, Directors emphasized that the medium-term policy agenda should include bold strategies to combat corruption-especially in the natural resources sector-privatize public enterprises, strengthen the judiciary, and reduce the regulatory burden on business. In that regard, Directors called for the effective implementation of the relevant laws to fight corruption, money laundering, and the financing of terrorism. They welcomed the authorities' intention to meet the requirements of the Extractive Industries Transparency Initiative. Progress in these areas will be essential to mobilize donor support.
21 Sep 2007, IMF Public Information Notice (PIN) No. 07/116