Doha: Experts and officials from BRICS countries emphasized the critical role of private sector incentives in advancing anti-corruption efforts and achieving sustainable development. They noted that the BRICS Anti-Corruption Working Group is currently focused on three key tracks: promoting integrity, leveraging modern technologies and artificial intelligence in anti-corruption efforts, and asset recovery.
According to Qatar News Agency, speaking during a panel discussion titled "Incentives for the Private Sector to Counter Corruption, BRICS Perspectives and Global South Experiences," held on the second day of the Conference of the States Parties to the United Nations Convention against Corruption in Doha, participants highlighted Brazil's leadership of the group and its prioritization of anti-corruption, climate action, AI governance, and multilateral reform, rooted in the Global South's development agenda. They stressed the importance of using this momentum to deepen international cooperation in business integrity by sharing expertise among BRICS nations, the private sector, and civil society.
This, they said, would help translate UN principles and international standards into tangible outcomes, leading to fairer markets, more efficient public services, and more inclusive sustainable development. Panelists noted that BRICS countries, home to a significant portion of the world's population and a major share of global GDP and trade, have become a key political and diplomatic platform for the Global South.
They also underscored the Anti-Corruption Working Group's role in addressing shared challenges such as asset recovery and in coordinating BRICS positions at international forums, particularly the UN Convention against Corruption. They called for stronger incentives for the private sector as a powerful tool to reinforce anti-corruption efforts and embed integrity and transparency in business environments.
Special emphasis was placed on rewarding companies that adhere to good governance, accountability, and transparency standards, as such incentives encourage institutional practices that reduce corruption risks and enhance corporate reputation and public trust. The speakers also highlighted the role of business organizations and academic institutions in delivering training programs and awareness initiatives. They pointed to the value of specialized international forums, such as the ongoing Conference of the States Parties in Doha, as platforms to foster dialogue and cooperation among governments, businesses, and civil society.
Such collaboration, they concluded, is essential to shaping practical, actionable ideas that can guide BRICS anti-corruption efforts in the coming phase and strengthen the private sector's role as a key partner in promoting good governance and sustainable development.