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    CD's, Access Codes, etc may not be included with the rentals. Books are required to be returned at the end of the rental period. In addition, this sectoral action contributes directly to the advancement of the Agenda through goal 16, Peace, Security and Solid Institutions. The ACTUE Colombia project was supporting the Transparency Secretariat of Colombia in the preparation of its OGP action plans , as well as civil society organizations, by using specialized technical assistance to promote the creation of a space for dialogue between administrations and civil society to define their own priorities in open government.

    This is a good example of the positive impact that delegated cooperation can have, thanks to the flexibility and innovation they bring to our partners and the technical assistance on demand that we carry out. The Anti corruption and Transparency Project of the European Union for Colombia ACTUE-Colombia has supported Colombian institutions in the implementation of key measures for a Open Territorial Government with the aim of making progress in the prevention of and fight against corruption both at the national and territorial levels.

    To this end, the project supported the creation of conditions for the fulfilment of international commitments , the strengthening of social control , the promotion of the co- responsibility of the private sector , and the generation of cultural and institutional changes. It has assisted three regional governments, six city councils and two hospitals in areas such as applying the Law on Transparency and Access to Public Information , drafting Anti-Corruption and Citizen Information Plans PAAC , fostering accountability and promoting public participation.

    It has thus helped officials to understand that the right to transparency and access to information is an essential right on which other rights depend.

    Press Briefing: Global Financial Stability Report (GFSR)

    It has increased their awareness by institutionalizing advances in active transparency and their knowledge of how to identify and manage the risks of corruption. Corruption as a burden on progress: the example of Ghana. Earlier this year, the World Bank published its forecast for global economic growth for , a forecast that featured Africa prominently.

    With an estimated growth of 8. In addition to Ghana, Ethiopia 2nd , Ivory Coast 4th and Djibouti 5th were among the five countries with the highest growth forecasts. This aspect of the Ghanaian economy does not come as a surprise. With 34 years of uninterrupted growth the last recession dates from , when its economy shrunk by 4. However, these macroeconomic data cannot hide other indicators that are not so encouraging. This problem is compounded by two important gaps. In the first place, the gender gap, which causes women to have very restricted access to resources and wealth.

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    Second, there is a territorial gap. Firstly, by detracting from public resources, corruption significantly affects social policies, which have less spending capacity. Secondly, since it is an opaque economic circuit, it is not taxed. In addition, on many occasions, large-scale corruption and tax evasion are interconnected phenomena that involve political and economic elites. Without forgetting that the social perception of corruption is a great disincentive for compliance with tax obligations by citizens, who think that their taxes will end up in the pockets of the rulers. This is exactly what happens in Ghana.

    The perception of corruption in the country, measured by the aforementioned index, yields a medium-high score of 40 out of This index indicates the degree of corruption in the public sector according to the perception of the business sector and country analysts, on a scale from perception of absence of corruption and 0 perception as very corrupt.

    Quite probably, this worsening is largely due to the revelation in recent years of important corruption cases that affected the judicial system and the football federation. Tax evasion, which, as we pointed out, is a matter closely linked to corruption, is also an important challenge for Ghana.

    Handbook of Safeguarding Global Financial Stability by Gerard Caprio

    All of this means that the fight against corruption in Ghana is a powerful tool for inclusive development, which goes beyond mere macroeconomic growth and considers the most disadvantaged groups. Who has authority to combat corruption? According to Transparency International, sub-Saharan Africa is the worst—rated region in this respect. She is one of the Civic Education Officers responsable for investigating perceptions of corruption in Ghana. On the ground, the findings are already clear: of the responses, over half those surveyed The report on the Corruption Perceptions Index CPI rates countries and territories according to perceived levels of corruption in the public sector, using a scale of zero to , where zero is extremely corrupt and highly transparent.

    New Zealand and Denmark are highest-placed in , with scores of 89 and 88 respectively.

    Mei J. Micco A. Miles D. Nikkinen J. Nishat M. Papaioannou E. Politics, institutions and other determinants. PRS Group, www. Roll R. Santis G.

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    8. Tille C. In: Handbook of safeguarding global financial stability: Political, social, cultural, and economic theories and models. Caprio Jr. Academic Press Elsevier, London. Titman S. Principles and applications. US Bureau of Economic Analysis. Vernon R. Basic Books, New York. Waszkiewicz G. Wells L.

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