Catalysing collective action to combat corruption in infrastructure
Accountable and effective non-judicial grievance mechanism
Infrastructure is vital for supporting economic growth, enhancing prosperity and well-being.
G7 nations and other partnerships have committed to quality and sustainable infrastructure
investments based on high standards and shared values to mobilise public and private
investment. Unfortunately, infrastructure remains highly exposed to corruption and
other irregular practices, and lacks sufficient accountability. New and innovative
approaches to tackle corruption are needed to address these challenges. This policy
paper focuses on collective action and multi-stakeholder non-judicial grievance mechanisms
to support early detection, prevention and reporting of corruption. It highlights
three mechanisms, namely, the National Contact Point for Responsible Business Conduct,
the High Level Reporting Mechanism, and the Integrity Pact, which are well-suited
to addressing corruption risks across the infrastructure lifecycle. As countries increase
infrastructure investment and look to attract private financing, there is an opportunity
to harness multi-stakeholder solutions that address corruption, de-risk projects and
ensure finance meets its intended purpose.
Available from December 09, 2022
In series:OECD Business and Finance Policy Papersview more titles