Bribery in international business
OECD Recommendation of the Council for Development Cooperation Actors on Managing Risks of Corruption
Date of publication
9 December 2016
The OECD Recommendation of the Council for Development Co-operation Actors on Managing Risks of Corruption promotes a broad vision of how international development agencies can work to address corruption, including the bribery of foreign public officials. It calls on countries to encourage their international development agencies to ensure effective measures are in place to manage risks of, and respond to, actual instances of corruption in development co-operation.
The Recommendation replaces the 1996 DAC Recommendation on Anti-Corruption Proposals for Bilateral Aid Procurement, extending its scope beyond procurement to take into account changes in the development environment and the involvement of new partners and channels for aid disbursement.
The new Recommendation:
- Suggests measures to prevent and detect corruption in projects financed by official development assistance (ODA).
- Details sanctions to be provided in ODA contracts to enable agencies to respond adequately to all cases of corruption.
- Advises countries' international development agencies to work towards a comprehensive system for corruption risk management, including: codes of ethics; whistleblowing mechanisms; financial control and monitoring tools; sanctions; co-ordination to respond to corruption cases; and communication with domestic constituencies (tax payers and parliaments) on the management of corruption risks.
09/12/2016 - New OECD guidance aims to reduce corruption in aid sector
More about the OECD Development Assistance Committee (DAC)
More about the OECD Anti-Bribery Convention