22 October 2020
Big congratulations for organising the first G20 Anti-Corruption Ministerial Meeting. Congratulations on all the deliverables. Now is the time for G20 Ministers and Leaders to send a strong signal that ensuring integrity of our economies and societies will be an essential part of the G20 response to the COVID-19 crisis.
We have the legal instruments and the standards to help guide this endeavor. Now, let’s turn them into action!
Starting at home. Many countries are facing integrity threats when responding to the COVID-19 crisis. Implementing the OECD Recommendation on Public Integrity shows that promoting e-procurement, allowing remote access to records by auditors and establishing well-defined risk tolerance frameworks can go a long way in addressing these risks.
But you should also make sure that your companies operating around the globe contribute to the global recovery. The OECD Anti-bribery Convention remains the gold standard on combatting transnational corruption and the stakes are high! Our analysis clearly show that a rise in the perception of corruption reduces investment by companies.
So let me congratulate Saudi Arabia for the very positive signal it is sending with its intention to move towards adherence to the OECD Anti-Bribery Convention. By taking this first step and requesting participation in the OECD Working Group on Bribery, Saudi Arabia is leading by example in building a fairer multilateral system and a level playing field. We hope all G20 countries will follow this example.
Yet no country can do it alone. International cooperation between and within law enforcement agencies is paramount. The OECD law enforcement networks have been active for the past 10 years. With this expertise, we look forward to harnessing synergies with the Riyadh Initiative.
More can be done to ensure a whole of government approach to fighting corruption. We welcome your efforts to better connect corruption to other economic crimes and look forward to leveraging the OECD Oslo Dialogue and our work in supporting asset recovery through tax collection.
Finally, we cannot manage what we cannot measure! OECD’s new Public Integrity Indicators represent a generational leap in measuring the vulnerability of national frameworks to corruption risks. Several G20 members have contributed to their development, making them actionable and robust. We are already engaging under Italy’s leadership on this critical agenda.
So, count on us to help you design and implement better policies for a more transparent and fairer global economy.