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By Marta Erquicia
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The Inter-American Development Bank (IADB) and the Organisation of American States (OAS) signed a Memorandum of Understanding (MoU) in March 2007 to implement anti-corruption measures in their work. The MoU is based upon recommendations from the Inter-American Convention against Corruption’s monitoring mechanism (MESICIC). The Norwegian government has committed to provide the IADB with US $4.9 million over three years to implement projects to promote transparency and access to information as ways to combat corruption. |
These initiatives are important steps towards curbing corruption in Latin America, and will further encourage improving integrity levels and the implementation of international conventions. Transparency International’s (TI) chair, Huguette Labelle, welcomes the MoU. “This initiative is a first step to welcome an opportunity to collaborate in the design an implementation of projects resulting from it and we hope that this translates into real action to reduce corruption levels in the Americas,” she said in a statement. TI cautions, however, these initiatives must include the participation of civil society as an outside monitor in order to be as effective as possible.
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