Public investment, and particularly infrastructure investment, is important for sustainable
economic growth and development as well as public service provision. However, it is
also vulnerable to capture and corruption. This publication examines the direct and
indirect benefits of public investment if carried out in a clean and efficient manner.
It provides a Framework for Integrity in Public Investment, mapping out risks of corruption
at each phase of the investment cycle. It also identifies tools and mechanisms to
promote integrity in the public investment cycle and provides examples of their successful
implementation in both the public and private sectors.
Published on February 29, 2016Also available in: French
Public Investment constitutes a significant share of GDP in OECD countries, close
to 15% on average. Through it governments can promote sustainable economic growth
and contribute to well-being through the provision of basic infrastructure and public
Many countries face infrastructure gaps, both in terms of quantity and quality. Influence
by vested interests may result in negative return of productivity or excessive infrastructure,
creating “white elephant” projects.
Corruption allegations concerning government-financed infrastructure projects are
common. The large sums of money involved and the multiple stages and stakeholders
implicated contribute to making them more vulnerable to undue influence.
OECD Integrity Forum
The Framework was initially discussed during the 2015 OECD Integrity Forum, and has benefited from an open consultation with stakeholders. It includes concrete measures and mechanisms that can be employed at each phase of the public investment cycle in order to safeguard integrity. Examples of good implementation practices from both the public and private sectors are provided for consideration and inspiration.