Economic and financial crime, faced by donors and developing countries alike is a major obstacle to development. Resources that could support a country’s development are lost through criminal acts like corruption, tax evasion, money laundering, and others.
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The effort to ensure that Africa’s new, 21st-century oil producers avoid the resource curse has involved the promotion of a remarkably similar set of institutional reforms, often termed the Norwegian Model. This model involves separating out the policy, commercial and regulatory functions of oil governance, and is based on the successful experience of Norway.
The Governance team facilitates exchanges between governance practitioners and experts to explore and promote better governance in developing countries.
The OECD brings together public sector governance experts from developing as well as developed countries to shape international policy debates on these issues and to support innovation at country level.
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What is corruption and why is it important in development cooperation? What is the impact of corruption on development?