G20′s Anti-Corruption Work
The G20 is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the worldâ€™s major advanced and emerging economies. It includes 19 country members and the European Union, which together represent around 90% of global GDP, 80% of global trade and two-thirds of the worldâ€™s population.
Australia is a member of the G20 which held its first Leadersâ€™ Meeting in the aftermath of the Global Financial Crisis in 2008 in Pittsburg, USA.Â Australia will hold the Presidency for the Leadersâ€™ Meeting in Brisbane in November 2014.
The G20 promotes policy coordination between its members in order to achieve global economic stability and sustainable growth. It promotes financial regulations that reduce risks and prevent future financial crises; and seeks to create a new international financial architecture.
TI is actively involved in advocating for effective work by the G20 Anti-Corruption Working Group which was set up in recognition of the strong impact of corruption on economic growth, during the G20 Summit held in Toronto in June 2010. The Leaders endorsed an Action Plan developed by this Group in Seoul in November 2010.Â That Plan focuses on the following priorities:
- foster endorsement and implementation of the main United Nations and OECD tools to combat international corruption,
- prevent the access of corrupt officials to the financial system,
- fight money laundering and tax havens,
- strengthen agreements on mutual aid, extradition and confiscation of assets,
- improve the protection of whistleblowers, and
- exchange best practices.
The G20 Leaders extended the mandate of this Working Group until November 2014 when they met at Los Cabos in Mexico in June 2012.
Priority issues for the new G20 Anti-Corruption Action Plan for 2013-2014 are set out in letters from:
- Huguette Labelle, Chairperson of Transparency International, to G20 representatives from the United Kingdom and Mexico â€“ Huguette Labelle letter to G20 representatives
- Roger Gyles AO QC, Chairperson of TI Australia, to the Prime Minister of Australia, Julia Gillard â€“ Letter to PM Julia Gillard
To find out more click on the following links:
Published October 2012