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Five-nation's leaders in anti-corruption push

Xiamen: -- The corrosive impact of graft on sustainable development was cited as anti-corruption cooperation efforts were agreed to by leaders of Brazil, Russia, India, China and South Africa (BRICS) in their joint declaration following the ninth BRICS Summit in Xiamen in China's Fujian province.

"We support the strengthening of international cooperation against corruption, including through the BRICS Anti-Corruption Working Group, as well as on matters related to asset recovery and persons sought for corruption," the BRICS Leaders' Xiamen Declaration stated.

Corruption, including illicit money and financial flows and ill-gotten wealth stashed in foreign jurisdictions, is a global challenge which may impact negatively on economic growth and sustainable development, according to the statement.

“Keenly aware of the negative impact of corruption on sustainable development, we support the efforts to enhance BRICS anti-corruption cooperation,” the Xiamen Declaration stated.

“We reaffirm our commitment to intensify dialogue and experience sharing and support compiling a compendium on fighting corruption in BRICS countries.”

The five countries' governments further acknowledged that illegal flow of the proceeds of corruption impairs economic development and financial stability, and support enhanced cooperation in asset recovery.

The leaders agreed to strive to coordinate their nation's approaches to anti-corruption and encourage a stronger global commitment to prevent and combat corruption via the United Nations Convention against Corruption and other international legal instruments.

They also agreed to support the strengthening of international cooperation against corruption via the BRICS Anti-Corruption Working Group as well as on matters related to asset recovery and persons sought for corruption.

The statement was issued on the final day of the three-day summit from September 3-5 under the theme "BRICS: Stronger Partnership for a Brighter Future".

The five-nation bloc accounted for half of total global economic growth last year and is home to some 43 percent of the world's population, according to a keynote address delivered on Sunday by host China's President Xi Jinping.



By Khonesavanh Latsaphao
(Latest Update September 6, 2017)

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