OECD and Italy’s National Anti-Corruption Authority reinforce cooperation in fighting corruption | WPN World People News

The OECD and Italy’s National Anti-Corruption Authority have agreed to step up cooperation as part of their broader efforts to combat corruption.

OECD Secretary-General Angel Gurría, signing a Memorandum of Understanding (MOU) with the President of Italy’s National Anti-Corruption Authority Raffaele Cantone at the International Anti-Corruption Summit in London on May 12, said: “Corruption is one of the most toxic impediments to efficient and effective investment. It not only reduces investment but also worsens its quality. This collaboration will give further impetus to international efforts to fight this corrosive crime.”

President of Italy’s Anti-Corruption Authority Raffaele Cantone stressed “the quality of the cooperation between ANAC and OECD and the enormous and mutual advantages brought about.”

This new MOU aims to deepen cooperation through promoting the development of the "High Level Principles for the integrity, transparency and the effective control of major events and related infrastructures” and analysing governance models, methodologies and practices to prevent corruption and promote transparency of state-owned enterprises.

It builds on a 2014 agreement concerning the supervision and monitoring of the procurement procedures for the EXPO 2015, hosted in Milan, Italy. This focused on public procurement and the fight against bribery and corruption in order to maximise the transparency, fairness and effectiveness of preparations for the event.

Source: Organization for Economic Co-operation and Development