We’re talking about the four major laws, or “pillars,” that Brazil enacted on the eve of the 2016 Olympic Games (and 2014 FIFA World Cup) that completely changed Brazil’s anti-corruption landscape. … Continue Reading
Posts Tagged: procurement fraud
Procurement obviously presents among the highest risks for corruption. Brazil took its rare good fortune of hosting the 2014 FIFA World Cup and 2016 Summer Olympics as an opportunity to evaluate its procurement regime.… Continue Reading
The World Bank’s board of executive directors Tuesday approved “a once-in-a-generation” reform package for procurement in projects financed by the Bank.
In the new Procurement Framework, the World Bank said its management “will examine options to collect, and make available the beneficial ownership information for legal entities participating in Bank-financed procurements.”… Continue Reading
In a June 23 letter, 130 members of Congress urged President Obama to finalize an Executive Order requiring federal contractors to disclose their political contributions.
“With public funds come public responsibilities,” the letter said, and at $350 billion yearly in federal spending alone, the U.S.… Continue Reading
Indonesia loses $4 billion every year due to poor procurement practices in the public sector, the Jakarta Globe reported Wednesday, citing a recent study by consultanting firm A.T.… Continue Reading