Phase 4 focuses closely on enforcement of the Convention and cross-cutting issues tailored to specific country needs as well as outstanding recommendations from Phase 4 and institutional or legislative changes since Phase 3.
Countries’ implementation and enforcement of the OECD Anti-Bribery Convention is monitored by the OECD Working Group on Bribery through a rigorous peer-review monitoring system, which Transparency International calls the “gold standard” of monitoring.
The Code of Liberalisation of Capital Movements and the Code of Liberalisation of Current Invisible Operations constitute legally binding rules, stipulating progressive, non-discriminatory liberalisation of capital movements, the right of establishment and current invisible transactions (mostly services). All non-conforming measures must be listed in country reservations against the Codes.
The Working Group is responsible for monitoring the implementation and enforcement of the OECD Anti-Bribery Convention, the 2009 Anti-Bribery Recommendation and related instruments.
This Declaration, first adopted in 1976, constitutes a policy commitment to improve the investment climate, encourage the positive contribution multinational enterprises can make to economic and social progress and minimise and resolve difficulties which may arise from their operations.
The OECD Council recommends use of the Framework: to facilitate coherence for better policy formulation and implementation; as a tool for self-evaluation, peer reviews, knowledge and experience sharing, regional co-operation, and multilateral discussions on investment-related policies; and, as a source of international good practices on investment climate reforms.
The new OECD Recommendation responds to a need for guidance on how the public sector can ensure that it receives value for money from using Public-Private Partnerships (PPP).
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The National Treatment instrument stipulates that adhering countries shall accord to foreign-controlled enterprises on their territories treatment no less favourable than that accorded in like situations to domestic enterprises.
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This table shows the ratification status for each of the countries that are parties to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.