09/12/2010 - OECD launches business integrity project in Middle East and North Africa
The OECD will carry out a three-year project to promote business integrity in the Middle East and North Africa. This is one of 18 projects announced today on International Anti-Corruption Day by Siemens A.G. as part of a USD 100 million programme to support the fight against corruption and fraud around the world.
This broad multi-project anti-corruption initiative stems from a wider agreement concluded between Siemens and the World Bank in 2009. This followed an investigation by the World Bank's Integrity Vice Presidency and Siemens’ acknowledgement of past misconduct in its global business.
The OECD project will be conducted under the umbrella of its Middle East and North Africa (MENA) Investment Programme and will involve the organisation of public-private conferences and training sessions. The objective is to encourage governments and companies to develop and implement measures to prevent and fight corrupt business practices, thus promoting a more level playing field for businesses operating in the region.
Launched in 2004 at the request of countries in the Middle East and North Africa, the OECD Initiative works to accelerate regional policy and economic reform. The MENA-OECD Investment Programme, one of the two pillars of the Initiative, aims at improving the business climate and establishing a favourable trade and investment environment as driving forces for economic growth and employment in the MENA region.
Information about the criteria for the selection and profiles of the projects to be funded can be found at: www.siemens.com/integrity-initiative.
More information on the OECD’s work on anti-corruption and the OECD Anti-Bribery Convention is available at www.oecd.org/corruption
More information on the OECD’s MENA programme is available at www.oecd.org/mena/investment
For comment, journalists should contact Nicola Ehlermann-Cache of the MENA programme (tel. + 33 1 45 24 17 48).