G20 seeks to promote integrity in state-owned enterprises

The first meeting this year of the G20 Anti-Corruption Working Group began in Buenos Aires with national delegations and international organizations participating.

The first meeting of the Anti-Corruption Working Group began today in Buenos Aires with the participation of Laura Alonso, head of the Argentine Anti-Corruption Office. Anti-corruption is one of the 11 G20 work streams.

The two-day meeting at the CCK will look into the integrity of state-owned companies, an issue the G20 considers fundamental for the sustainable development of countries and regions throughout the world.

“We are twenty members, with twenty different stories, but the commitment that we all share in this working group is to ensure transparency and integrity in each one of our countries,” stated Alonso in her opening remarks to the delegations of G20 member states, international organizations and invited guests.

Alonso, who presides over the working group together with Guillaume Chabert of France, highlighted the G20’s potential to make a global contribution. “We will work together to build consensus for fair and sustainable development. The two priorities for this year will be the prevention, management and resolution of conflicts of interest, and the transparency and integrity of state-owned enterprises,” she affirmed.

The working group meeting is the first of three meetings this year, the others taking place on 27-28 June and 8-9 October. The issues discussed during these meetings will be presented to the G20 sherpas, who in turn will present their proposals to the heads of state and government at the G20 Leaders’ Summit, taking place in November in Buenos Aires.

 

About the G20

The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum that seeks to develop global policies to address today’s most pressing issues. The G20 summits are attended by the heads of state and government of 19 of the world’s leading economies and the EU. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population and 75% of international trade.