Emerging economies have long struggled with the question of how to combine economic development with sustainable use of natural resources. How does corruption factor into this combination?
An illuminating new report by our OECD partners on Responsible Business Conduct and Anti-Corruption Compliance in Southeast Asia illustrates three points we have long emphasised at the Basel Institute.
This report is a first-time overarching assessment of availability and suitability of International Financial Institute (IFI) Risk Mitigation instruments and has been compiled through a detailed questionnaire based feedback from more than 40 infrastructure investors with total assets under management exceeding USD 2 trillion, project developers and construction companies, global banking institutions, insurance and reinsurance companies, multilateral development banks and professional services firms.
Attractive investment and growth opportunities are often found in countries with high levels of risk. As such, companies need to make sufficient preparations, write Elena Hounta and Selvan Lehmann.
This chapter appears in International Law and Standards Applicable in Natural Disaster Situations edited by Erica Harper.