IMF | Is Public Money Safe without the Rule of Law? | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Is Public Money Safe without the Rule of Law?

IMF | Is Public Money Safe without the Rule of Law? | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Is Public Money Safe without the Rule of Law?

Blog post by Joseph Dalibon, Jean-Philippe Vion | Imagine a country where public funds are allocated arbitrarily rather than because of an analytical process or the government’s policy priorities. In such a country, contracts would be awarded on the basis of personal connections rather than through an open competitive tendering process. Accountability would be nonexistent. It sounds like a dystopian scenario, but it’s a reality in places where t…