Corruption is at the heart of many of the challenges the world faces. It undermines good governance, erodes the trust that people place in public institutions, corrodes decision-making, impedes economic development and facilitates organized crime (Hangzhou G20 Anti-corruption Action Plan).
As leaders of major trading nations, the G20 has a special responsibility to establish legal and policy frameworks that promote a clean business environment, and to continue to assist G20 countries in their capacity-building efforts to combat corruption.
Since its launch at the Toronto Summit in 2010, the G20 Anti-corruption Working Group (ACWG) has been a leading mechanism for cooperation in raising the standards of transparency and accountability across the G20, and contributing to the global fight against corruption.
In the implementation of the Anti-corruption Action Plan, the ACWG must address several areas, including encouraging more cooperation at a global level and with the business community (B20) and the civil society (C20) to promote transparency and integrity.
Three ACWG meetings took place over the course of 2018, co-chaired by Argentina and France. The first two took place in Buenos Aires on 28 February – 1 March and in Paris on 27–28 June. The third one was held in Paris on 8–9 October.
The ACWG meetings will address the following issues:
- Practical cooperation
- Beneficial ownership
- Private sector integrity and transparency
- Public sector integrity and transparency
- Vulnerable sectors
- International organizations
As G20 president, Argentina is committed to the 2017–2018 Action Plan and seeks to further the ACWG’s work in the fight against corruption and promoting transparency in both the public and private sectors. Furthermore, the ACWG will put special emphasis on pushing for integrity in state-owned enterprises and managing conflicts of interest.