Together Towards Transparency : Lessons from the Implementation of the Construction Sector Transparency Initiative (CoST) Pilot in Guatemala
Publicly financed construction is a key driver for economic growth and poverty reduction worldwide. At the same time, it is a sector unusually prone to corruption, not least due to large opportunities for rent extraction and the technical complexit...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/06/14767670/together-towards-transparency-lessons-implementation-construction-sector-transparency-initiative-cost-pilot-guatemala http://hdl.handle.net/10986/10092 |
| Summary: | Publicly financed construction is a key
driver for economic growth and poverty reduction worldwide.
At the same time, it is a sector unusually prone to
corruption, not least due to large opportunities for rent
extraction and the technical complexity of infrastructure
investments. Transparency international's bribe
payer's index ranks construction as the sector most
likely to bribe public officials and seek state capture, and
an estimated 10-30 percent of the US$5 trillion spent
annually on construction worldwide is lost to corruption.
Guatemala joined Construction Sector Transparency Initiative
(CoST) as an associate country with support from the World
Bank in November 2009. As such, it differed from pilot
countries in two respects. As CoST Guatemala moves from
pilot to expansion in July 2011, it is hoped that the
aforementioned success factors will allow the initiative to
amplify this effect-and further enhance transparency in a
sector so crucial to the country's development. |
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