Chaque année, les flux financiers illicites, dont la corruption est une composante majeure, font perdre environ 88,6 milliards de dollars (3,7 % de son PIB) à l'Afrique. La lutte contre ce fléau est un effort collectif et le secteur privé a un rôle majeur à jouer dans la promotion d'un environnement économique prospère et d’un développement durable du continent.

This blog by Liza Young, Project Associate for Collective Action in the Basel Institute’s Private Sector team, draws on her newly published Policy Brief in English and French on how anti-corruption Collective Action can help West African coastal states achieve their development potential.

Africa is estimated to lose an unbelievable USD 88.6 billion (3.7% of Africa’s GDP) each year to illicit financial flows, of which corruption is a major component. Rooting out corruption is a collective effort, and the private sector has a major role to play in laying down the foundations for clean business environments and sustainable development.

A delegation from the Basel Institute will attend the International Anti-Corruption Conference (#IACC2022) in Washington DC on 6–10 December 2022. 

We will be distributing some of our recent publications and are looking forward to meeting our friends, partners and hopefully future partners in anti-corruption. 

Please see this summary of plenary sessions and panels we are leading or involved in, plus details of how to meet us there.

The rapid expansion of anti-corruption Collective Action is offering businesses, governments and civil society groups powerful ways to enhance business integrity and create fair business conditions. What does Collective Action look like in practice? What benefits does it bring, what is success, and how do you measure it? And what should we expect from each other in these multi-stakeholder initiatives?

Economic crimes are significant obstacles to the UN Sustainable Development Goals, and professional accountants can play a pivotal role to clear a path. This guest blog by Kevin Dancey, CEO of the International Federation of Accountants (IFAC), marks the launch of IFAC’s new Action Plan for Fighting Corruption and Economic Crime.

Publishing information on the real owners of companies, also known as beneficial owners, can help governments curb corruption and support a more transparent environment for business. A session at the 4th International Collective Action Conference in Basel discussed how the new ‘Opening Extractives’ programme seeks to create new momentum for beneficial ownership transparency in a sector that has been prone to corruption risks.