Transparency
In many conflict situations there are problems of failed governance and in some cases economic interests can contribute to conflict. Institutional and governance structures may be weak, allowing leaders to remain in power through patronage. Foreign investors may contribute sizeable amounts to the funding of such administrations in the form of taxes, royalties and other fees. In some situations, such resources are not accountable to the general public and they become vehicles for embezzlement, fraud, corruption and the funding of conflicts. If such revenues were effectively and transparently managed, they could contribute significantly to successful growth and poverty reduction.
The Global Compact Recommendations on Transparency
To achieve economic growth and development, a just and honest government is a pre-requisite. As this involves a complex set of corrective actions a partner-based approach can generate positive synergy between business, civil society and governments. The Global Compact Recommendations on Transparency contains recommendations for all of these different actors.
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