Written by Eleanor Morgan, CoST Communications Manager, this blog was originally published by Open Government Partnership (OGP) here. We all need better value infrastructure. From the Organisation for Economic Co-operation and Development (OECD) to the World Bank Group, it is generally estimated that USD$3.7 trillion global infrastructure investment is needed annually yet only around US$2.7
World leaders gathered in London this week to commit to increased action against corruption. We inevitably viewed the proceedings through the lens of our own priorities and there was much that we welcome. The Communiqué acknowledged for example that construction is “particularly vulnerable to corruption” and as part of the solution, participating countries committed themselves
CoST is the open contracting initiative for public infrastructure. We will be attending the Tackling Corruption Together conference on 11 May 2016, which precedes the UK Government’s Anti-Corruption Summit on 12 May 2016. CoST works to tackle corruption in public infrastructure investments through transparency and accountability and we want our work to become redundant. Our
Following a recent CoST workshop for public infrastructure stakeholders in Costa Rica, Mauricio Gonzalez, Vice Minister for Reform at the Ministry of Public Works and Transport in Costa Rica explains why the Government is working with CoST to strengthen public infrastructure delivery. The United Nations’ Economic Commission for Latin America and the Caribbean calculated recently
By 2030, it is estimated that close to US$6 trillion could be lost annually in construction through corruption, mismanagement and inefficiency. To improve the lives of billions of people worldwide, we need to take action to make sure citizens get better and safer roads, schools, hospitals. Improved transparency and accountability are vital. CoST, the Construction
Written by Petter Matthews, CoST Executive Director, this article was originally published by World Economic Forum here. Petter Matthews is a Member of the Advisory Committee for the Partnering Against Corruption Initiative – Infrastructure and Urban Development industries (PACI/IU) project. The value of global construction output is expected to increase by $8 trillion to reach
