PMFORUM Breaking News
Breaking News in the Project Management World
Monday, June 30, 2008
World Bank launches Guide & Website to help fight Global Corruption in Business and on Projects
Recent research shows that global corruption can add as much as 20% - 25% to the costs of public procurement but many companies are still faced with the dilemma of either paying bribes to win business or withdrawing from high-risk markets.
To help resolve this global problem, the World Bank Institute has released "Fighting Corruption through Collective Action - A Guide for Business." Created to help companies fight back against the insidious impacts of corruption, the Guide, and its companion web portal, outlines proven methods to fight marketplace corruption through Collective Action between business and other stakeholders.
Organized by the World Bank Institute, the coalition is made up of NGOs and multilateral organizations including United Nations Global Compact, the Center for International Private Enterprise, and Transparency International, as well as several private companies.
The website was developed as an anti-corruption resource for business. It explores and details the constructive role that business can play in fighting corruption and how this can be done jointly with other companies and stakeholders – an approach called "zollective Action."
Organizations and individuals are already successfully using Collective Action today, working with business associations, civil society, media, government departments and other stakeholders. The results are increased competition, improved transparency and less corruption in many geographies and business sectors. Society has benefited, as have the businesses which have been provided more reasonably priced and higher quality goods and services – with the costly and inefficient effects of corruption reduced or eliminated.
Summaries of some of these past and present Collective Action situations and types are provided in the website. They provide valuable insights into the workings of partnerships against corruption and the issues that have to be considered from the very beginning. For more information or to download the guide, visit http://info.worldbank.org/etools/antic/index.asp
Organized by the World Bank Institute, the coalition is made up of NGOs and multilateral organizations including United Nations Global Compact, the Center for International Private Enterprise, and Transparency International, as well as several private companies.
The website was developed as an anti-corruption resource for business. It explores and details the constructive role that business can play in fighting corruption and how this can be done jointly with other companies and stakeholders – an approach called "zollective Action."
Summaries of some of these past and present Collective Action situations and types are provided in the website. They provide valuable insights into the workings of partnerships against corruption and the issues that have to be considered from the very beginning. For more information or to download the guide, visit http://info.worldbank.org/etools/antic/index.asp
