DELEGATION OF GLOBAL FINANCIAL INTEGRITY (GFI) IS IN GUATEMALA

Global Financial Integrity (GFI) Delegates arrived to Guatemala to have work meetings with the Vice-President of the Republic, government officials and businessmen, to address issues regarding transparency.

GFI provides technical cooperation to Guatemala on Financial Transparency.  The Global Financial Integrity delegation did several sessions with recommendations to the areas of government: contracts, international trade valuation, auditing procedures, bank regulation and money laundering, among others. 
 
The financial authorities of Guatemala who went in January this year with the Vice-President recognized the need to improve the climate of transparency in these areas and pledged to implement measures and reforms that would contribute to the modernization of Guatemalan financial sector to fight corruption.

 

Mr. Raymond Baker, director of this entity, said "I thank on behalf of GFI the Guatemalan hospitality of its institutions that have been very open to recommendations we have made. The important thing is to increase transparency and to implement and promote the national and global financial system. Emphasizing to focus and implement transparency in Guatemala, as an effective platform for the country to develop and prosper economically. " 

  
 
Global Integrity Financial presented five module:

 

·         Public procurement transparency

·         Transfer and prices

·         Audit and transfer pricing proceeding

·         Banking and money laundering regulation

·         Agreements of the OECD to exchange information on tax matters