B20-UNDP Joint Statement / China's lessons for India / OECD compliance report

-

COVID-19: B20-UNDP Joint Statement.  “The B20 and UNDP welcome the commitments made in the G20 Leaders’ Extraordinary Summit (i) to foster collaboration between the public and private sectors in both the development and distribution of lifesaving goods (ii) to protect individuals and businesses of all sizes during the economic recovery and (iii) to “realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment.” We urge the G20 Leaders to commit more explicitly to accountability and anti-corruption efforts to ensure the impact and effectiveness of response and recovery efforts to COVID-19.”

UNDP: https://www.undp.org/content/undp/en/home/news-centre/news/2020/b20-undp-joint-statement.html

 

China's crackdown against corruption: Lessons for India (Opinion).  “India and China score identically on the global corruption perception index. However, scholars like Yuen Yuen Ang point out that corruption in the two countries is very different. In India, much of the corruption happens at lower levels where greasing palms and petty bribes are necessary. But in China, the problem is at much higher levels where bureaucrats hold favours, privileges… a lesson that the Indian government would do well to remember—cracking down on dissenters doesn’t remove the dissent, nor does it deal with structural problems.”

Hamsini Hariharan/CNBC TV18: https://www.cnbctv18.com/views/chinas-crackdown-against-corruption-lessons-for-india-7042021.htm

 

OECD report: Fear of enforcement drives fight against corruption.  “Fear of enforcement and the consequential reputational fallout of an enforcement action are the top drivers for developing an anti-corruption compliance program, states a new report by the Organization for Economic Co-operation and Development (OECD).”

Jaclyn Jaeger/Compliance Week: https://www.complianceweek.com/anti-corruption/oecd-report-fear-of-enforcement-drives-fight-against-corruption/29529.article

Direct link to report: https://www.oecd.org/daf/anti-bribery/Corporate-anti-corruption-compliance-drivers-mechanisms-and-ideas-for-change.pdf

Popular posts from this blog

The Pacific - Nepal - Eastern Europe & Central Asia

-
[Blog] How are perceptions of corruption in seven small Pacific countries? Larger Pacific Island neighbors are often garnering the lion's share of attention both from researchers and policy makers. How are the experiences of corruption in countries like Tuvalu, Tokelau, Niue, the Republic of the Marshall Islands (RMI), The Cook Islands, Palau, and Nauru? DevPolicy Blog: https://devpolicy.org/perceptions-of-corruption-in-seven-small-pacific-island-countries-20230223/   [Opinion] Two decades of new anti-corruption law in Nepal: Why it missed its mark. According to a Nepalese journalist, the Anti-Corruption law and Prevention of Corruption act of 2002 laid the foundation for numerous investigations, scandals, and court cases. To a large extent, they did however fail to enable significant conviction and return of assets. Online Khabar: https://english.onlinekhabar.com/anti-corruption-law-missing-target.html   [Blog] Growing security risks and authoritarian
Read more

Middle East & North Africa - Ukraine - Sri Lanka

-
Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-
Read more

Global - Sub-Saharan Africa - Turkey & Syria

-
Invisible Trillions review: Global capitalism operates beyond the rule of law and threatens democracy. Raymond W. Baker's new book "Invisible Trillions" argues that "secrecy has become as important for corporations as transparent and taxable profits used to be". "Only radical improvements across the globe in financial transparency and accountability, and in regulatory capacity and integrity, can break this cycle of political decay and despair". The Conversation: https://theconversation.com/invisible-trillions-review-global-capitalism-operates-beyond-the-rule-of-law-and-threatens-democracy-199311   [Blog] The dynamics of violent extremism in sub-Saharan Africa. There is no better environment for the expansion of violent extremist groups than a vacuum in state authority. These groups begin to compete with the state and may even be initially attractive to communities weary of years of lawlessness, corruption, and chaos according to autho
Read more