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ARTICLE · 11 MAY 2018

World Bank - ANOTHER Venue For Sanctions

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A vital piece of legislation put forward by Republican Congressman Andy Barr is sweeping through the legislative process of the United States almost unnoticed. It quickly achieved Congressional support...

Antigua and BarbudaWealth Management
Ian Moncrief-Scott
Ian Moncrief-Scott
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A vital piece of legislation put forward by Republican Congressman Andy Barr is sweeping through the legislative process of the United States almost unnoticed. It quickly achieved Congressional support and is due to be placed before the Senate shortly.

Following hearings in March 2017 by The Monetary Policy and Trade Subcommittee and The Committee on Financial Services in July 2017, The House of Representatives passed H.R. 3326, the World Bank Accountability Act of 2017 in January 2018.

The World Bank Accountability Act of 2017 aims to help reduce poverty, fight corruption, lessen terrorism and improve transparency of those nations, which have almost routinely received blank cheques, despite wanton disregard for the rule of law.

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