Fall 2017

Open Contracting Reform: The Mexican Experience

Discussion

with

Lorena Rivero, Ministry of Finance and Public Credit, Mexico

Kathrin Frauscher, Open Contracting Partnership (OCP)

 

Inefficiency and corruption in public procurement represent a massive fiscal burden for emerging markets. Out of the $9.5 trillion spent each year on government procurement (15% of the global GDP), the UN estimates that corruption and fraud may amount to 20-25%.