Rejecting the scourge of corruption
Transcript of Rejecting the scourge of corruption
Rejecting the scourge of corruption
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As major corruption scandals continue to emerge around the world, it has become increasingly clear that society is rejecting the scourge of corruption
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
The big question now is whether governments, infrastructure procurers and providers will seize this opportunity and public momentum to stamp out corruption in all its forms
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
Corruption is everybody’s problem
EUR 120 billion is lost to corruption
each year across the
27 EU member states
Source: EU Commissioner for Home Affairs (figures are approximations)
Corruption is everybody’s problem
EUR 120 billion is lost to corruption
each year across the
27 EU member states
USD 1.26 trillionis stolen from the
developing markets
each year
In the developing
world, the damage is
even more dramatic:
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Source: EU Commissioner for Home Affairs (figures are approximations)
Corruption has a direct impact on infrastructure
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
Nearly 30% of the value of publicly funded construction projects are lost to corruption around the world
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
Corruption has a direct impact on infrastructure
Public discourse on corruption is clearly shifting and gaining voice
The anticorruption movement picks up steam
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
In key markets such as Brazil, China and India, governments have made anticorruption a key priority
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
Based on the recent Anticorruption Summit
held by Transparency International in London
all signs indicate:
governments, companies, and civil societyare starting to demand more action to meet the challenges posed
by corruption
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
The result: an Anticorruption Manifesto providing clear proposals and the commitments made
by governments
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
The growing drive to bring private sector investment into infrastructure is
also showing positive impact.
It has often led to:
Greater transparency, robust project due diligence and oversight
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
Time to act Governments should be redoubling their efforts to remove
any opportunity for corruption in the infrastructure sector
across the life-cycle
Procurement
FinancingManagement
Operations
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
spotting signs of corruption
Companies and investors should also be
sharpening their focus on
walk away from projectsand be willing to
to protect their investments and reputations
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services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.kpmg.com/insightmagazine / #inframorality
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