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‘Ask the Expert’ about Ethics 1st: An Interview with Leading FCPA Attorney William Steinman
Anti-corruption expert William Steinman began his career in international law at a large law firm in Washington, DC in the 1990s. As part of his practice, Steinman advised clients on the Foreign Corrupt Practices Act (FCPA), a federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. At the time, the FCPA was rarely enforced, and not a high priority. One day, Steinman remembers, his boss came up to him and said, “I’m going to make you an FCPA lawyer because you think like a criminal.” Steinman’s conversation launched a career. He…
Smart Recovery: Digitization and Transparency will Drive Africa’s Private Sector Growth
While Africa has so far avoided the worst of the health consequences of the coronavirus, relative to other parts of the world, the pandemic has laid bare the underlying market fragility across the continent. The pan-African economy is enduring its first extreme recession in 25 years, pushing per capita GDP down 10% in nominal terms to levels last seen in 2013. Very little if any fiscal rescue came from Treasuries to consumers, workers, and civil servants across Africa to cushion the economic blow that followed the pandemic response. The hardest hit are workers in the informal sector, which makes up…