Corruption fight 'matter of life and death', UN business summit told
AFP, July, 2007
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GENEVA (AFP) — An anti-corruption watchdog on Thursday warned business leaders at a United Nations summit to urgently tackle corruption costing the global economy some 2.5 trillion dollars (1.8 trillion euros) to help lift millions out of poverty.
Huguette Labelle, chairwoman of Transparency International and board member of the UN Global Compact, said the amount that the World Bank estimated was lost by corruption would be "quite enough to help us remove those that are at the edge of survival around the world to a much different level."
More than 600 senior executives are attending a two-day meeting, which began Thursday, of the Global Compact, a seven-year-old partnership between the UN and companies set up by the previous UN chief, Kofi Annan.
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The core concerns of the Compact, such as corruption, transparency and corporate and social responsibility, are "matters of life and death for ...
