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Group of 7, Austria, Czech Republic volunteered for review. -. Fund will assess economic impact of corrupt practices. The IMF will review the role advanced nations play in bribery and other forms of corruption as part of a revised framework on governance around the world. Under the new system, the International Monetary Fund will assess areas such as budget management, financial-sector oversight, central bank controls, market regulation, and the rule of law. Officials will estimate the economic impact of governance weaknesses and provide policy recommendations, the fund said Sunday. The IMF will also step up its monitoring of corruption in the countries to which it lends. The IMF’s loan pr... Full story

22 April