Fighting corruption on foreign aids

Fighting corruption on foreign aids. Quibria (2017) introduces additional ways for anti-corruption in foreign aid. First, it is necessary to improve the transparency and accountability of donors. Donor agencies should keep auditing themselves, inspecting existing institution, and opening discourses for foreign aid policy with recipients. In practice, the Asian Development Bank (ADB) made the Offices of Anticorruption and Integrity and the World Bank opened the Integrity Vice-Presidency revised codes of ethics for staff for the purpose. Second, it also needs to improve the transparency and accountability of recipients. External accountability mechanisms can play a role of fortifying civil society groups and gathering in consultations with local stakeholders of the foreign aid project. Making the stakeholders to hold support the local projects is a strategy that the stakeholders work as monitors of project process, inform flaws of project implementation, and give feedback on possible corruption.

Fighting corruption

Moreover, the existence of independent local media assists to ban foreign aid corruption in the recipients. Therefore, it is effective that donors support the programs helping local media to be independent to eradicate corruption in developing countries. Last, donors’ active participation in Global anti-corruption campaign is crucial. The campaign covers legal conventions which facilitate international cooperation for anti-corruption, such as the OECD holds the Anti-Bribery Convention, and the United Nations opens the Convention Against Bribery. These conventions try to find the proper means to recover stolen assets, track the prominent people, pursue criminal investigations for recipients, and construct networks for those who have a high level of anti-corruption investigation through international cooperation.

Infrastructure

Not just giving them aid money, the aid should mainly be a form of constructing infrastructure for underdeveloped countries to induce them to be financially independent and sustain their economic growth.   If underdeveloped countries get funds through aids, they tend to keep relying on the money, not think that they should develop their economic status quo with the aids. Though, given that aid funds are used in building infrastructures of those countries, this way not only solves the problems deriving from shortage of infrastructures, but also brings positive effects containing self-supporting economy. Due to their backward infrastructures of distribution, underdeveloped countries, especially regions where low-income groups are mainly living, should pay more for buying same commodities or services than people living in developed countries pay for (Prahalad, 2005).