ADB Enhances Preventive Measures to Curb Corruption in 2014 – OAI Report
Manila, Philippines, 10 March 2015 │Press Release by ADB
The Asian Development Bank’s (ADB) Office of Anticorruption and Integrity (OAI) boosted due diligence reviews in 2014 as part of an expanded push for preventive and proactive measures to counter corruption, a new report says.
ADB safeguards development funds from corruption and fraud. 2014 Annual Report. Photo from OAI
Thailand: Government to enhance transparency in investment projects
The Thai government is set to implement public disclosure guidelines under the Construction Sector Transparency Initiative (CoST) for investment projects worth at least 1 billion baht and apply "integrity pacts” for public procurement.
Indonesia: Investors agonise over Indonesia's floundering anti-graft drive
Investment bankers and company executives are worried President Joko Widodo's drive for clean governance is falling apart amid a dispute between rival law enforcement agencies in Southeast Asia's largest economy.
Regional framework for collective action against corruption needed more than ever: Regional Working Group
Bali, Indonesia 6 February – A regional framework for collective action against corruption led by the private sector is needed more than ever as ASEAN countries speeds up regional integration. This was the common sentiment at the Regional Working Group on Business Integrity’s Meeting held today in Bali, Indonesia (Bali Meeting). Challenges are huge, given a lack of enforcement, transparency and accountability being coupled with a lack of understanding and mutual trust.
Towards a corruption free ASEAN: Businesses as "solutions provider"
Bali, Indonesia, 5 February – Tackling the systemic corruption as an impediment to ASEAN’s sustainable development is not easy. In order to achieve a corruption-free ASEAN community, the bloc needs to consider how best to introduce integrity and governance as cross cutting themes. Also, no single individual or entity can solve corruption alone. Through governments take the lead in the anti-corruption crusade, long-term success will require complementing efforts from other stakeholders, particularly businesses. This is also the key conclusion from the intensive discussions on anti-corruption at the ASEAN Next-Gen CSR Main Forum held today in Bali, Indonesia.
When the leaders of the 10 nations that make up the Association of South-East Asian Nations (ASEAN) meet in Malaysia in April for the 26th ASEAN Summit, they need to be bolder in their approach to combatting corruption. Corruption will hold back investment in the region and stifle growth in both the public and private sectors if it is left unchecked. But it can’t be addressed if it is not on the agenda.
Samantha Grant, Regional Coordinator of Southeast Asia at Transparency International, discussed the need for ASEAN to develop a comprehensive anti-corruption framework and create a mechanism by which to evaluate progress, with an inclusive role for the private sector and civil society. The first step could be for ASEAN governments to include discussion of an ASEAN Integrity Community.