As its name suggests, corruption is a contaminating influence on whatever it touches, financial businesses included. That’s why various international parties—business decision-makers, policymakers, regulators, police, journalists, consumers—are seeking collaboration, transparency and partnership as they hash out solutions to the blight of corruption at local and national levels.
For investors with an appetite for high returns even if they are seasoned with high risk, investment in frontier markets, the smallest economies in the developing world, may be worth considering. The best approach is to allocate only a small portion of a portfolio to these potentially profitable but likely volatile markets.
The World Bank Group committed a total of $15.3 billion in financing to Sub-Saharan Africa in the 12 months to June 2014, the highest amount so far, the institution said. About two-thirds of this money was provided as interest-free loans for more than a hundred new projects. The World Bank’s International Development Association, which supports the world’s poorest countries,