Require a moratorium on new disbursements to governments suspected of corruption until an investigation is conducted and completed. Recipients of international aid should be required to comply fully with audits and corruption investigations by the lending institutions before any new loans are approved or disbursements of existing loans are made. Insist that all documents relating to an international financial institution's loan decisions, compliance measures, and progress reports on economic reform packages are placed in the public domain. The IMF and World Bank rarely release information on their loans to the public. This includes analysis of potential loan recipients, compliance with loan conditionality, and reports on questionable activities.
Taxpayers have the right to know how the recipient governments spend their tax dollars.
Hold U.S. officials who oversee these loan decisions to the same standards as private-sector lenders. U.S. representatives at the international financial institutions and the Secretary of the U.S. Treasury should be held legally accountable for failure to exercise due diligence if they approve loans to highly corrupt governments. Pare back the immunity from prosecution provided IMF and World Bank officials to enable countries to prosecute them for corruption. Today, these officials enjoy immunity from civil and criminal action. Corruption and misuse of Western assistance is not unique to Russia.