Combating Corrupt Payments in Foreign Investment Concessions: Closing the Loopholes, Extending the Tools

January 30, 2008

**THIS EVENT IS NOW FULL.**

The Center for Global Development presents
Combating Corrupt Payments in Foreign Investment Concessions:
Closing the Loopholes, Extending the Tools

Featuring
Theodore Moran
Non-Resident Fellow, Center for Global Development
Marcus Wallenberg Chair at the School of Foreign Service, Georgetown University

and
Howard Mann 
Senior International Law Advisor, International Institute for Sustainable Development (IISD), Canada 

With discussants
Patrick van Haute
Executive Director, OECD
and former Belgian Ambassador to the OECD

and
Rashad Kaldany
Director, Oil, Gas, Mining and Chemicals Department, IFC/World Bank

Moderated by
Dennis de Tray
Vice President for Special Initiatives, Center for Global Development

Wednesday, January 30th, 2008
2:00pm--4:00pm

at
Center for Global Development
1776 Massachusetts Avenue, NW, Third Floor, Washington, DC
Closest Metro: Dupont Circle (Red Line) - South Exit

As part of CGD's ongoing study of the causes and consequences of corruption and their impact on developing countries, Non-Resident Fellow Ted Moran has, in consultation with a group of experts, investigated possible loopholes in the Foreign Corrupt Practices Act and the OECD Convention on Combating Bribery. This final report makes two key points. First, it argues that the language of both the US Foreign Corrupt Practices Act (FCPA) and the OECD Convention on Combating Bribery should be adjusted to minimize the existing loopholes. Second, it states that even with a redrafting of these laws and conventions, the world needs other tools in the fight against international corruption, including an improved international arbitration process and an extension of the Extractive Industries Transparency Initiative (EITI) to other sectors and industries.

The full report can be downloaded here.