The Institute for Ethics and Economic Policy (IEEP) Fordham University is a renowned Jesuit institution with over 165-year history of emphasis on ethics.	To promote Governance with Respect Ethics Accountability and Transparency (GREAT) KUWAIT Join a Discussion site, where you can click on “New Topic” or try this link Transparency International’s corruption rank for this country in 2000 is absent and may mean that international investment is discouraged by excessive corruption.
NO-CONFIDENCE VOTE ON FINANCE MINISTER. After a marathon debate over allegations of state financial corruption Kuwait's elected parliament has decided to schedule a no confidence vote against Finance Minister Youssef al-Ibrahim. The government had said it would collectively resign if Mr. Ibrahim´s opponents mustered the 24 votes needed to oust him from office, a step that could plunge Kuwait into a political crisis.Two parliamentary blocs questioned Mr. Ibrahim in Parliament over issues ranging from alleged mishandling of public funds to heavy losses by Kuwaiti investment arms. . (The New York Times, June 25, 2002, summary by Sherldine Tomlinson). PARLIAMENT URGES FRAUD CASE ACTION. Several Kuwaiti MPs expressed frustration with the State’s filing of two cases against Sheikh Ali al-Khalifa al-Sabah, former oil and finance minister and member of the ruling al-Sabah family. Sheikh Ali has been the target of failed legal actions since 1993 for his involvement in a $130 million case of the operations of the State’s Kuwait Oil Tanker Company and also a case involving alleged illegal misuse of public funds for debt payments. He maintains his innocence of the charges in both cases. The MPs have launched wide probes since Parliament restoration in 1992, a year after the Gulf War, which involve billions of dollars of alleged corruption and fraud cases. (AOL News (Reuters), May 21, 2001, summary by Marg Reynolds). The Index of Economic Freedom (by Driscoll-Holmes-Kirkpatrick) for 2001 places Kuwait in the “Mostly Free” category with a rank of 43 (Ranks range from 1 for Hong Kong to 155 for North Korea, Wall Street Journal, Nov. 1, 2000). H. D. Vinod’s trimmed correlation analysis indicates that countries free from economic regulation are less corrupt. After allowing for some exceptions by 20% trimming, the correlation is near 0.9.		Recent news. Worldwide corruption Country Index has links to stories and information about corruption and governance in alphabetically listed geographical regions and countries. Quick Links to USA, China, India, Indonesia Resources which track corruption and provide information on good governance from around the world. Quotes or One-Liners against corruption. Corruption Info Exchange Description of our Project. IEEP Home Fordham Economics Faculty Fordham University
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