This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Brazil.
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The economic impact of corruption in Brazil, South America’s largest economy, is significant not only nationally but also regionally. However, there are elements that point to an improving situation.
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Brazil has a leading role to play in the fight against foreign bribery for Latin America, emerging economies, and G20 countries that are not yet parties to the OECD Anti-Bribery Convention.
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.
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.