Brazil’s Federal Court of Accounts, the Tribunal de Contas da União (TCU), is seeking to go beyond its traditional oversight role and help improve policy formulation, implementation and evaluation. This report identifies ways TCU can achieve this by applying principles of good governance to areas such policy coherence, strategic and long-term budgeting, internal control and risk management, and monitoring and evaluation. It suggests concrete steps TCU can take to adapt its own strategies, approaches and audit programming to provide valuable insight and foresight to policy makers in the centre of government. In this way, it can help ensure that policies and programmes are forward looking and based on evidence.
Brazil is steadily investing in the creation of rules and regulations to converge to governance standards already consolidated in developed countries. Complying with these international standards is indispensable if Brazilian companies intend to operate on a global scale.
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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.
Le Brésil doit profiter de l’avancée réalisée avec sa nouvelle Loi sur la responsabilité des entreprises et les premières mises en examen dans une affaire de corruption transnationale pour engager plus activement enquêtes et poursuites.
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.
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.