Financial Accountability Transparency & Integrity (FACTI) Report

C4 Center was honored to have our Founding Director, Cynthia Gabriel to be invited to speak on the panel at the United Nations ESCAP High-Level Panel on International Financial Accountability, Transparency and Integrity (FACTI) for Achieving the 2030 Agenda and Economic and Social Commission for Asia and the Pacific: “Towards an Ecosystem of Financial Accountability, Transparency and Integrity“. She addressed on the global anti corruption challenges of tax evasion, money laundering and corruption issues.

The objective of the FACTI Panel is to contribute to the overall efforts undertaken by Member States to implement the ambitious and transformational vision of the 2030 Agenda for Sustainable Development. It is mandated to review current challenges and trends related to financial accountability, transparency and integrity, and to make evidence-based recommendations to close remaining gaps in the international system.

The virtual event held on 12 November 2020 aimed to discuss possible means to address the shortcomings identified in the interim report published by the FACTI Panel on 24 September and it brought together high-level representatives from Member States, along with leaders from the private sector, civil society and academia in the region. The recorded event can be watched here.

The final report was published on 26 February 2021 and it analyzes the gaps, vulnerabilities and impediments present in the current international systems related to financial accountability, transparency and integrity issues.

The Report of the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda is available on this link. 

It finds that these systems can help countries prevent the drain of resources from development, contributing to achieving the 2030 Agenda, but that they lack co-ordination, leave gaps and may overlap and even conflict with each other.

C4 via its Founding Director has been elected as vice chair of the UNCAC Coalition, a platform of 300 over organisations around the world, fighting corruption and pushing for accountable governance.

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