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For Immediate Release
August 10, 2006

Fact Sheet: National Strategy to Internationalize Efforts Against Kleptocracy

      President's Statement on Kleptocracy

Today, The President Unveiled His National Strategy To Internationalize Efforts Against Kleptocracy, Pledging To Confront High-Level, Large-Scale Corruption By Public Officials And Target The Proceeds Of Their Corrupt Acts. This Strategy Is A New Component Of His Plan To Fight Corruption Around The World. Public corruption erodes democracy, rule of law, and economic well-being by undermining public financial management and accountability, discouraging foreign investment, and stifling economic growth and sustainable development.

The President's National Strategy To Internationalize Efforts Against Kleptocracy

This New National Strategy Builds On The President's Commitment Made With The G-8 Leaders At Their Recent Summit In St. Petersburg. At the G-8 summit, President Bush committed to promote legal frameworks and a global financial system that will reduce the opportunities for kleptocracies to develop and to deny safe haven to corrupt officials, those who corrupt them, and the proceeds of corrupt activity.

Specifically, The Strategy Promotes Our Objectives By Committing To:

The President's Announcement Builds On Established U.S. Leadership In The International Fight Against Corruption. The U.S. actively supports development and implementation of effective anticorruption measures in various international bodies and conventions. In addition to the G-8, we have promoted strong anticorruption action in the:

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