World Bank praises Saudi Arabia for fighting graft

World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption. (Reuters)

World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption.

Addressing Saudi businessmen at the Council of Saudi Chambers here Saturday evening, McCarthy said the private sector in the Kingdom can play a key role in fighting corruption. He urged businessmen to make more efforts to combat this scourge, especially since the private sector controls 90 percent of the jobs in developing countries.

Secretary General of the Council of Saudi Chambers Khalid Bin Mohammed Al-Otaibi stressed the importance of fighting corruption and establishing the principle of transparency and integrity as keys to economic development.

Meanwhile, on behalf of Custodian of the Two Holy Mosques King Salman, Prince Faisal Bin Bandar Bin Abdulaziz, Emir of Riyadh region, opened on Sunday the International Anti-Corruption Conference held under the slogan ‘Fighting Corruption, Everyone’s Responsibility’, organized by the National Anti-Corruption Commission ‘Nazah’.

The establishment of the National Anti-Corruption Commission (NACC) by a Royal Decree issued in March 2011 after the government’s approval of a national strategy to combat corruption in 2007 is regarded as the first step toward achieving the ultimate goal of ending corrupt practices in Saudi Arabia.

The commission’s regulatory mission covers three main areas: Upholding integrity, promoting transparency, and fighting against financial and administrative corruption that hampers state development projects from taking off.

The move to ratify the United Nations Convention Against Corruption (UNCAC) was welcomed by Transparency International, which considers it a necessary step and a positive trend toward greater transparency and accountability in the Kingdom.

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Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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