UN Chief Urges Anti-corruption Conference To Adopt United Front Against The Menace

United Nations Secretary-General Antonio Guterres has called on the international community to "unite against corruption" to stop precious resources from being drained by illicit financial flows

UNITED NATIONS, (APP - UrduPoint / Pakistan Point News - 17th Dec, 2019 ):United Nations Secretary-General Antonio Guterres has called on the international community to "unite against corruption" to stop precious resources from being drained by illicit financial flows.

"You meet at a critical moment", Yury Fedotov, Executive Director of the UN Office on Drugs and Crime (UNODC) said on behalf of the UN chief, while addressing a conference on the UN Convention Against Corruption in Abu Dhabi, the United Arab Emirates (UAE) capital.

The world's primary anti-corruption summit is aimed at advancing efforts to prevent and combat corruption to achieve the U.N.'s anti-poverty Sustainable Development Goals (SDGs).

"Through corrupt practices, trillions of dollars are diverted every year from schools, hospitals and other essential services and infrastructure", Fedetov said, underscoring that "action against corruption�is crucial to reducing inequalities, promoting inclusive growth and addressing the climate crisis".

The anti-corruption chief maintained that fighting corruption can prevent criminal traffickers from "exploiting human misery and plundering natural resources".

Looking ahead to 2021, when the first-ever General Assembly Special Session on ending corruption will convene, he urged everyone to make the fight a "top priority".

Loopholes that allow financial assets to illegally cross borders, and public funds to be laundered and embezzled, help fuel large-scale corruption.

Fedotov stressed that "international cooperation is fundamental".

Preventing and combatting corruption offers "a key to unlock progress towards ending poverty and inequalities, protecting health and planet, and strengthening justice and the rule of law", Fedotov said in his own address, describing it as "the sinister enabler of some of the worst problems we face".

He added that "by preventing and curbing corruption, we can nip corruption's contribution to instability in the bud", stopping it "from prolonging conflict and spoiling peace".

The top UN official argued that the international convention "offers a genuine chance to agree new approaches and seek innovative solutions to corruption threats facing all our countries".

In what he acknowledged to be the last time he addressed the Conference as UNODC Executive Director, he concluded by saying, "we are on the cusp of a new decade, with renewed hope that together With 186 parties, the Convention against Corruption, is the only legally binding universal anti-corruption instrument.

It came into force in December 2005 and has been ratified by most UN Member States, with the newest being Samoa, Equatorial Guinea and Chad in 2018.

The convention covers various forms of corruption, including bribery, trading in influence, abuse of functions, as well as corruption in the private sector.

Under the Convention, States are legally obliged to prevent and criminalize corruption; promote international cooperation; recover and return stolen assets; and improve technical assistance and information exchange in both the private and public sectors.

Every two years, its States parties meet to review implementation and discuss how corruption can better be tackled.

In addition to reviewing its core mandates, the week-long eighth session will deliberate on preparations for the 2021 Special Session next year in New York.