U4 Helpdesk Answer | Private sector

Tools to reduce private sector engagement in grand corruption during the award of public contracts, concessions and licenses

By Sofia Wickberg
Expert Answer 369

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To promote integrity in public procurement and government concessions both the supply and demand side of corruption should be tackled. Open contracting, enhanced transparency, integrity and monitoring mechanisms and training of procurement officials, as well as corporate integrity and incentives and deterrents for the private sector should be combined to reduce grand corruption.

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