Private Sector

News

World Bank arm seeks more transparency

12 December 2000


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The International Finance Corporation is to press companies in which it invests to improve the rights of their minority shareholders and make their financial statements more transparent. An October 23 Financial Times article carried a quote from Peter Woicke, executive vice-president of this World Bank private sector arm “We are thinking that corporate governance should become part of conditionality [on companies seeking IFC support].”.