Today I want to talk about the particular importance of competition in public procurement. In most countries, this is one of the largest government spending activities, accounting for 4.3 trillion euros in OECD countries alone in 2013. In Brazil, public procurement represents just over a quarter of total government expenditure.
Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.
This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Brazil.
The OECD held a week-long series meetings with the Brazil’s Supreme Audit Institution (Tribunal de Contas da União or TCU) to present the preliminary main findings and policy recommendations of its peer review of the TCU audit of the year-end government report (Prestação de Contas da Presidenta de República).
Latin America has a major role to play in building a new international financial and economic system, since it has accumulated substantial experience in managing financial crises and recovery programs, according to the OECD Secretary-General.
El papel de América Latina en la construcción de un nuevo sistema financiero y económico internacional tiene que ser relevante. La experiencia acumulada en la gestión de crisis financieras y programas de recuperación en la región es importante, según el Secretario general de la OCDE.
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Brazil should rapidly amend its legislation to make companies directly liable for the payment of bribes to foreign public officials, and to ensure that effective, proportionate and dissuasive sanctions are applicable, according to a new report by the OECD Working Group on Bribery.