The World Economic Forum in collaboration with Deloitte has just published the report, “Partnering Against Corruption Initiative: Infrastructure & Urban Development Building Foundations for Transparency.”
Building Foundations for Transparency is the second phase of a multi-year project conducted by the Partnering Against Corruption Initiative (PACI) to address the specific needs of the Infrastructure & Urban Development (IU) industries. The project involves Forum partners from three sectors that are among the most exposed to corruption risks—engineering, construction, and real estate. The goal of the project is to create a level playing field that allows local companies to compete in well-working markets and that facilitates the market entry of global companies. More efficient markets with lower levels of corruption will benefit the entire society, including citizens and consumers.
The second phase of the project focuses on India, where corruption is one of the major barriers to economic development and growth. As part of the project, a number of activities have been conducted on a state level in Maharashtra to develop practical solutions that foster transparency through collective action.
Although the project focus was local, the implications of the project findings, framework, and tools developed are highly relevant on a global level.
The outcomes of the project can be used by global and local businesses, government, and society in a wider sense, and could be scaled up and transferred to other regions.
Download “Partnering Against Corruption Initiative” report here.