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OECD recognises Switzerland’s commitment to the fight against foreign bribery and recommends further improvements

The Phase 3 Report on Switzerland by the OECD Working Group on Bribery evaluates and makes recommendations on Switzerland 's implementation and application of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.




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Latin America and Caribbean: Conference on international value chains

This meeting aimed to identify practical policy options for Latin American governments in the formulation of their investment promotion strategies with a specific focus on international value chains.




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Gesetze gegen Auslandsbestechung in Österreich unzureichend umgesetzt – OECD setzt auf baldige Verbesserung

Die OECD-Arbeitsgruppe gegen Bestechung bedauert, dass in Österreich bisher noch kein Urteil wegen der Bestechung von ausländischen Amtsträgern ergangen ist, obwohl seit der Ratifizierung des entsprechenden OECD-Übereinkommens vor 13 Jahren eine Reihe von Vorwürfen vorlag.




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Austria’s enforcement of foreign bribery laws far too weak, but could pick up soon says OECD

The OECD Working Group on Bribery regrets that Austria has not had a conviction of bribing foreign public officials despite a number of allegations, 13 years after ratifying the OECD Anti-Bribery Convention. However, enforcement appears to be picking up, with one case being tried, two more cases soon to be tried, and four ongoing investigations.




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Netherlands must significantly step up its foreign bribery enforcement, says OECD

The Netherlands is failing to vigorously pursue foreign bribery allegations and must do more to enforce its foreign bribery laws. Fourteen out of 22 foreign bribery allegations have not triggered the opening of an investigation, calling into question the Netherlands’ ability and proactivity in investigating and prosecuting this crime.




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Poland needs strategy to meet growing risk of foreign bribery

The current Polish framework for fighting foreign bribery is still inadequate to fully meet foreign bribery risks resulting from Poland’s growing economy, says a new OECD report.




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Belgium should address “flagrant” lack of resources for fighting foreign bribery, says OECD

Fighting foreign bribery is not a priority in Belgium. Together with the flagrant lack of resources for Belgian law enforcement authorities, this has resulted in very few foreign bribery investigations and prosecutions. In the 14 years since the entry into force of the foreign bribery offence in Belgium, only one case of bribery of foreign public officials has been concluded.




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New Zealand not immune from foreign bribery, says OECD

New Zealand must significantly increase its efforts to detect, investigate and prosecute foreign bribery. Since joining the Convention over 12 years ago, New Zealand has not prosecuted any cases of foreign bribery and only four allegations have surfaced to date. Outdated perceptions that New Zealand individuals and companies do not bribe may have also undermined detection efforts.




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Malaysia - OECD Investment Policy Review

The Malaysian government, in partnership with the OECD and ASEAN, has undertaken a review of its investment policies as part of an active programme of investment policy reforms to help revive both foreign and domestic investment.




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OECD Working Group on Bribery report on Ireland launches Wednesday 18 December 2013

The OECD Working Group on Bribery will release a report tomorrow Wednesday 18 December at 12.00 CET/11.00 Dublin time on Ireland’s efforts to fight foreign bribery.




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Ireland must urgently apply more resources to enforce Anti-Bribery Convention, says OECD

Ireland should increase its resources to detect and investigate foreign bribery more efficiently. Resources have, in recent years, been largely devoted to investigating non-bribery cases in the financial sector. Ireland has not prosecuted a foreign bribery case in the twelve years since its foreign bribery offence came into force, and law enforcement has taken few proactive steps to investigate allegations.




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Lack of enforcement jeopardises South Africa’s fight against foreign bribery; OECD concerned that political and economic considerations may be an influence

South Africa must take urgent steps to proactively investigate and prosecute foreign bribery. No foreign bribery cases have been prosecuted since South Africa joined the Convention in 2007. The 4 on-going investigations – out of only 10 allegations that have surfaced to date – are also far from reaching the prosecution stage, according to a new report by the OECD Working Group on Bribery.




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Latvia to join OECD Anti-Bribery Convention

Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.




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OECD-Risklab-APG Workshop on pension fund regulation and long-term investment

Held in Amsterdam on 7 April 2014, this workshop focused on: long-term pension investment strategies under risk-based regulation; riskiness and pro-cyclicality in pension asset allocation; and, regulatory challenges for long-term illiquid assets.




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Líneas directrices de la OCDE para empresas multinacionales - La importancia de una conducta responsable por parte de las empresas

Este folleto contiene información esencial sobre las Líneas Directrices de la OCDE para empresas multinacionales, que en la actualidad constituyen las recomendaciones más exhaustivas aprobadas por los gobiernos sobre la conducta responsable de las empresas.




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Statement by the National Contact Points for the OECD Guidelines for Multinational Enterprises - One Year After Rana Plaza

This statement was adopted by National Contact Points on 25 June 2014 during their 15th Meeting.




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Fact finding survey on investment treaty law, sustainable development responsible business conduct

This survey was presented at the Informal ministerial meeting on responsible business conduct held in Paris on 26 June 2014.




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Latin America and Caribbean: Conference on infrastructure investment

This conference addressed key questions on investment in infrastructure and transport in Latin America and the Caribbean. It brought together policymakers, international experts and other interested stakeholders to discuss concrete policy recommendations to maximise the opportunities and address the challenges in the region.




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Self-assessment of South Africa's investment regime in relation to the OECD Codes of Liberalisation and the principle of National Treatment

This self-assessment report looks at South Africa's investment regime in the light of the OECD Codes of Liberalisation and the principle of National Treatment.




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Brazil closes legal loophole on foreign bribery: OECD hopes this will now translate into stepped up enforcement

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.




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Scale of international bribery laid bare by new OECD report

Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new OECD analysis of the cost of foreign bribery and corruption.




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Launch of the OECD Foreign Bribery Report

The OECD Foreign Bribery Report was launched by the OECD Secretary-General in Paris on 2 December 2014. This ground breaking report analyses data emerging from all foreign bribery enforcement actions concluded since the entry into force of the OECD Anti-Bribery Convention and for the first time ‘measures’ the crime of corruption.




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G20: Remarks for Session 2 - Framework for Strong, Sustainable and Balanced Growth

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!




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Kyrgyzstan must implement anti-corruption policies and laws to reduce corruption

Widespread corruption continues to be a major challenge for Kyrgyzstan’s development, despite efforts to streamline its anti-corruption policy and strengthen the institutional framework since 2012.




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Ukraine must enforce its new anti-corruption strategy and legislation

Widespread corruption was one of the main reasons that led to the change of the political regime in Ukraine in 2014. The new administration pledged to fight corruption, a challenging task in the current context of the economic crisis and military conflict in the East of the country.




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Life on a planet of 9 billion

Is it possible for 9 billion people to live on this planet and enjoy a good standard of living? And on such a planet, is it possible for economies to grow, businesses to profit, and communities to prosper without undermining the natural systems that support all life? And without destroying some of the planet’s last great wildernesses?




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Economic Outlook: Projections for Latin American countries

Latin American economic growth is set to recover during the second half of 2015 and gain further speed in 2016, though with notable differences across countries.




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OECD Ministers launch new framework to boost sustainable investment

OECD Ministers have endorsed updated guidelines to help national governments and regional groups create the right conditions to attract domestic and foreign investment.




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OECD Working Group on Bribery report on Israel launches Wednesday 24 June 2015

The OECD Working Group on Bribery will release a review of Israel’s efforts to fight foreign bribery on Wednesday 24 June 2015 at 11.00 CET.




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OECD encouraged by Israel’s recent investigative activity, but remains seriously concerned with overall efforts to enforce foreign bribery laws

Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how these evolve.




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Keeping Markets Open: Challenges and Opportunities for Trade and Investment in Latin America

COPARMEX, COMCE, BIAC, and the OECD are jointly hosting a one-day high-level conference in Mexico City on October 15 2015 to communicate to the government and business community how the evidence-based work on global value chains and trade in services matters for trade policy in Mexico and the Latin American region.




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Latvia’s fight against foreign bribery overshadowed by enforcement weaknesses

Latvia has improved its laws since acceding to the OECD Anti-Bribery Convention in 2014. Yet serious personnel issues until recently as well as negative government commentary concerning KNAB, Latvia’s anti-corruption law enforcement agency, have cast doubts over its capacity to enforce those laws.




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Uzbekistan must enforce anti-corruption laws and strengthen public sector integrity

Uzbekistan has adopted its first anti-corruption action plan and established an anti-corruption coordination commission. Nevertheless corruption is widespread in Uzbekistan and remains a key obstacle for business.




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Statement of the OECD Working Group on Bribery on Finland’s limited implementation of the Anti-Bribery Convention

The OECD Working Group on Bribery expresses its serious concern with Finland’s continued failure to implement the OECD Anti-Bribery Convention.




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Launch of the OECD-FAO Guidance for Responsible Agricultural Supply Chains

11 March, Paris, France: This high-level launch event included a panel discussion that addressed the potential impacts of companies operating in agricultural supply chains on human, labour and tenure rights.




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Conference on investment treaties: The quest for balance between investor protection and governments’ right to regulate

Paris, 14 March 2016: Organised by the OECD-hosted Freedom of Investment Round-table, this conference will explore how governments are balancing investor protection and how to improve balance through new institutions.




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Roundtable on the OECD Guidelines for Multinational Enterprises and the Law

17 September 2016, Washington DC - This event brought together legal practitioners and experts to focus on how international standards on responsible business conduct are impacting legal practice as well as how legal tools can be used to strengthen ethical business practices throughout global supply chains.




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Statement of OECD Working Group on Bribery: Ireland’s Laws for Combating International Bribery need Urgent Reform

Ireland still needs to make substantial progress on key recommendations issued three times since March 2007 by the OECD Working Group on Bribery with regard to improving its domestic criminal law as it applies to bribery by Irish individuals and companies in their international business transactions.




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Statement of OECD Working Group on Bribery: Russia’s Legislation for Combating International Bribery needs Reform as a Matter of Urgency

Russia still needs to make substantial progress on key recommendations issued by the OECD Working Group on Bribery in 2012 and 2013.




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Mejorar la coordinación entre los distintos niveles de gobierno en Colombia permitirá a una inversión pública más eficiente

La inversión pública en Colombia ha aumentado sustancialmente en los últimos años hasta alcanzar casi el 4% del PIB, una cifra superior a la media OCDE de 3.2%. Sin embargo, según indica un nuevo informe de la OCDE, para hacer frente a la brecha en infraestructuras y para superar las desigualdades territoriales será necesario que el país mantenga y amplíe sus esfuerzos en materia de inversión.




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OECD and AfDB launch powerful tool to help African companies prevent bribery

New guidance from the AfDB and the OECD will help African companies of all sizes set up measures to prevent bribery and improve the quality of corporate compliance and anti-bribery policies.




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OECD and IBA join forces to develop practice guidance to equip lawyers in fight against corruption

Following on from the London Anti-Corruption Summit which took place in May 2016, the OECD and the International Bar Association (IBA) have agreed to form a task force to develop professional conduct standards and practice guidance for lawyers involved in establishing and advising on international commercial structures and recommended actions for governments.




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High acquittal rate jeopardises Finland's efforts to combat foreign bribery

Finland has proactively investigated seven allegations of Finnish individuals or companies paying bribes to foreign public officials since 1999 but needs to address its discouragingly high acquittal rate.




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FDI Regulatory Restrictiveness Index

The FDI Regulatory Restrictiveness Index (FDI Index) measures statutory restrictions on foreign direct investment in 58 countries, including all OECD and G20 countries, and covers 22 sectors.




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Child labour risks in the minerals supply chain

Practical actions for companies to identify and address the worst forms of child labour in mineral supply chains is for use by companies to help them identify, mitigate and account for the risks of child labour in their mineral supply chains. It builds on the due diligence framework of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.




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The Czech Republic must take significant steps to enforce its foreign bribery laws, but demonstrates commitment to improve

The Czech Republic must strengthen its efforts to detect, investigate and prosecute foreign bribery. Seventeen years after ratifying the OECD Anti-Bribery Convention, the Czech Republic has yet to prosecute a case involving the bribery of foreign public officials.




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Chile must conclude its current legislative reforms of the criminal sanctions regime and clarify its corporate liability framework to better combat foreign bribery

Chile must make further progress on key recommendations of the OECD Working Group on Bribery in International Business Transactions, more than three years after its Phase 3 evaluation in March 2014.




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Sweden’s Laws on Corporate Responsibility for International Bribery need Urgent Reform

Sweden has still not implemented reforms to its Penal Code initially recommended by the OECD Working Group on Bribery in June 2012. Sweden’s legal provisions on corporate liability do not meet the requirements of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.




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Lithuania has made significant legislative reforms to fight foreign bribery and should now ensure effective anti-bribery enforcement

Lithuania has taken significant steps to strengthen its legislative framework to combat foreign bribery. Yet further efforts are needed to ensure effective enforcement of anti-bribery laws with regard to corporate liability and imposing sanctions for foreign bribery, including confiscation, according to a new report by the OECD Working Group on Bribery.




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Societal benefits and costs of International Investment Agreements: A critical review of aspects and available empirical evidence

This paper reviews alleged societal benefits and costs of International Investment Agreements (IIAs) as suggested by academia, governments, business and civil society. It sets out the wide range of issues that diverse actors have proposed in the context of assessing the societal benefits and costs of IIAs.