The French government has drawn up a blacklist of countries that do not help investigate foreign aid fraud – and as you might have guessed, the Philippines is on the list.
The list includes a total of 17 countries which are all banned for the use of their banks to help distribute development funds.
The blacklist of 17 countries will be added to a previous list of eight that French authorities already have banned using their own currency or banking systems due to corruption and mishandling.
The French government justified the move by saying there had been a lack of transparency in the nations on the list, adding that poor and developing countries were often the main victims of fraud within the system.
The Philippines now joins the likes of Botswana, Nauru, Guatemala, Panama, Liberia, Trinidad and others.
“The aim is primarily preventative, to put pressure on these countries by publicising this list to progress towards more transparency,” the government said.
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