Integrity Pacts can help reduce corruption risks in public contracting while boosting participation and trust with people, healthcare systems and economies still shaken up by the COVID-19 pandemic, the European Union (EU) and its member states are gearing up for a better future. They’ve drawn up grand plans and unleashed €806 billion in recovery funds for a greener, more digital, more resilient EU, as part of the bloc’s long-term budget of €2 trillion.
This means that EU governments will spend unprecedented sums of money through public contracting projects over the coming months and years. As we’ve said before, the extraordinary influx of funds to be invested calls for equally extraordinary measures to protect against mismanagement, fraud and corruption. So far, these have been sorely lacking.
Click here to read the full Transparency International article