The Integrity for Investments Initiative (i3) is a five year, Php602 million ($14.7 million) project that will support anticorruption offices, including the Office of the Ombudsman, Commission on Audit, Civil Service Commission, Securities and Exchange Commission, and the newly created Governance Commission for Government-Owned and Controlled Corporations (GCG). i3 seeks to reduce the costs of corruption to local trade and investments, therefore stimulating Philippine economic competition and assist in the effective enforcement of anticorruption laws through improved detection, audit, prosecution and asset recovery efforts. The project will also help reduce opportunities for corruption in ways that will improve the business climate, and help improve corporate behavior of public and private firms.
i3 is a USAID/Philippines project under the Partnership for Growth (PFG), a White House initiative. The PFG represents a partnership between the Philippines and the United States to promote broad-based and inclusive growth.
The U.S. Government is working with the Government of the Philippines, the private sector and civil society organizations to help put the Philippines on an accelerated growth trajectory that benefits the majority of its population.
i3 is working to advance anticorruption legislation such as laws for whistleblower protection and freedom of information. The project is helping improve internal operations of anticorruption offices, particularly in records management and case monitoring. Support is channeled to developing specialized audit, investigation and prosecution skills in strengthening inter‐agency cooperation.
i3 is supporting monitoring efforts to improve compliance with the Anti‐Red Tape Act. Monitoring of national agencies that directly transact with investors and local governments in growth centers are priorities for assistance. The project will also support efforts to improve the asset disclosure system and other corruption prevention initiatives.
i3 will focus on improving private sector compliance with corporate governance standards and encourage more responsible business behavior in areas as payment of taxes. The project will also will assist the newly created GCG to exercise its advisory, monitoring and oversight authority over public corporations.
To contribute to inclusive growth by reducing the costs of corruption to investments and trade, thereby promoting open and fair competition.
- Increase the enforcement effectiveness of anticorruption institutions
- Improve corruption prevention
- Strengthen corporate governance in both the private and public sector
Last updated: September 10, 2015