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Saturday, August 1, 1992
Volume:
8
Issue:
8
Pg. 315
Abstract:
On July 26, 1992, Draft Standards designed to prevent corruption in international procurement and other business transactions were promulgated by an international group of concerned professionals. The draft standards, prepared by Dr. Kamal Hossain and Mr. Fritz Heimann, state in an introduction that corruption subverts development by unjustifiably raising costs, distorting priorities, and misallocating resources, undermines efficiency and the respect of citizens for public institutions and diverts funds away from humanitarian purposes…[more]