European Parliament approves anti-corruption and human rights report

(European Parliament, Strasbourg, 8 October 2013) The European Parliament has approved a resolution on corruption and human rights in the public and private sectors which includes a clause calling on bilateral and multilateral financial institutions, including the World Bank Group, IMF, regional development banks, export credit agencies and private sector banks, to require extractive companies and governments to comply with the ‘Publish What You Pay’ requirements and/or EITI standards on transparency of payments as a pre-condition for all project support.