Photo Credit: G20 Argentina By John Zemko, Regional Director of CIPE’s Latin America and Caribbean Department World leaders gathered recently in Buenos Aires, Argentina for G20 meetings intended to center around a theme of “Building Consensus for Fair and Sustainable Development.” The host country President Mauricio Macri has put fighting corruption at the core of… Read More
Photo Credit: Open Contracting Partnership and the Natural Resource Governance Institute By Peter Glover, an Assistant Program Officer with CIPE’s Anti-Corruption and Governance Center The Open Contracting Partnership and the Natural Resource Governance Institute jointly released a report called “Open Contracting for Oil, Gas, and Mineral Rights: Shining a Light on Good Practice.” The report… Read More
Did you know that public procurement — goods and services bought by governments — accounts for around one-fifth of global GDP? Or that in most high-income economies public procurement takes up a third of total public spending, and in developing countries even more – about half? These figures represent a significant share of national wealth…. Read More
Corruption costs a lot of money for citizens around the globe. The World Economic Forum and the World Bank estimates that corruption reduces global GDP by 5% ($2.6 trillion) per year with over $1 trillion paid in bribes. For businesses, corruption makes up 10% of the total cost of doing business and up to 25% of… Read More