International experience suggests that an effective anti-corruption strategy for Latin America requires strong legal frameworks, vigorous enforcement, and perseverance. As well, strong national ownership and leadership are critical to maintain broad public support for such efforts. A big push on multiple fronts is needed to dramatically shift societal expectations.
Corruption in Latin America is high -- broadly on par with other emerging markets but is substantially worse than in advanced economies. Weaknesses in fiscal transparency, public procurement, state enterprise governance and legal enforcement rank among the leading factors. Tackling corruption will require a major shift in realigning incentives and expectations through forceful policies and collective efforts.
Nigeria recently launched an innovative open data portal that is enhancing transparency and citizens' participation in public procurement and service delivery. But the portal's likely exclusion of defense and security spending threatens to undercut its contribution to fighting corruption.
Procurement heads of the Organization of Eastern Caribbean States (OECS) held their first-ever meeting in June to discuss a common market for public procurement. A single public procurement market would enable Caribbean countries prone to natural disasters to better prepare and respond more effectively.