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Group of eight progress report 2007
Transparency International
Transparency International
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Abstract
"Corruption is a pernicious problem with global implications. It impedes foreign investment and development, erodes public institutions, distorts competition and undermines the rule of law and public trust. And while corruption hurts everyone, it harms the poor the most. Corruption has dire global consequences, trapping millions in poverty and misery, and breeding social, economic and political unrest. Corruption is both a cause of poverty, and a barrier to overcoming it. These consequences of corruption are what drive our efforts and create a pressing need for action. In the past decade, a global consensus has emerged that the fight against corruption must be placed high on the agenda. Since the 2002 Kananaskis Summit, the leaders of the Group of Eight (G8) have recognised that, unless they confront corruption, they cannot achieve their goals, including the Millennium Development Goals or specific objectives on national and energy security, increasing the benefits of trade and investment, economic development and growth in Africa, and environmental protection. The G8 must promote and implement principles of transparency, accountability and integrity in public life and do so within the context of strengthening core democratic values such as freedom of speech and association. Since the 2002 Summit, they have committed to specific measures to fight corruption and increase good governance.
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2007
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With permission of the license/copyright holder