PtP in the News: World Financial Review article on PtP and stolen assets

A new article focusing on PtP has been published in the latest edition of The World Financial Review. Noting that past experience with the return of stolen assets to governments has too often led to disappointing results, this brief piece, “Where Should All the Stolen Money Go?,” urges consideration instead of applying the Philanthropication thru Privatization, or PtP, concept, which calls for the placement of such assets into carefully structured, private charitable foundations as exemplified in the BOTA Foundation in Kazakhstan and many other foundations around the world. This solution produces win-win benefits for countries and citizens alike, helps mobilize citizens for anti-corruption action, and ensures that preciously needed resources are used transparently and accountably to benefit citizens and not dumped into government coffers or returned to the corruption stream. In this challenging time, when massive emergency funding from governments has intensified concerns about potential corruption, it is more important than ever to ensure that when corruption-generated resources are identified and returned they are truly dedicated to citizen needs. The PtP approach is a proven alternative for achieving this. Please feel free to share the article with those in your networks. You can read the full article from The...

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