This paper focuses on corruption that arises from the abuse of public office for private gain. Although corruption is often understood as being transactional in nature (a bribe being the typical example), it can also be manifested by powerful networks between business and government that effectively result in the privatization of public policy. While designing and implementing an anti-corruption strategy requires change on many different levels, the Fund's own experience in assisting member countries suggests that several elements need to be given priority.
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