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Colombian President proposes a blacklist of corrupt companies to veto them from contracting with the State

Fermín Gómez
2 min read

Colombian President Iván Duque launched a proposal to sanction corruption in the region, within the framework of the Pacific Alliance. Companies that commit acts of corruption in the four countries that make up said association would be included: Colombia, Chile, Mexico and Peru.

His counterparts from Chile, Sebastián Piñera, and from Peru, Martín Vizcarra, participated in the meeting; as well as the Secretary of Foreign Affairs of Mexico, Marcelo Ebrard; and the President of the Inter-American Development Bank (IDB), Luis Alberto Moreno.

Colombian President proposes a blacklist of corrupt companies to veto them from contracting with...

The Colombian president declared that "hopefully within the framework of the Alliance we could establish a 'black list' of companies that in our countries have been involved in corruption issues, so that they are banned from contracting with member states again."

He expressed his opposition to the widespread practice among companies that "corrupt officials", but then simply pay a fine and continue contracting with the states.

In his speech, the president implicitly referred to the fact that public workers receive sanctions for corruption, but companies that "pay to sin" should also be punished.

For Iván Duque, this would be a way of applying a "social and business sanction" to them.

Duque took advantage of his meeting with the presidents of the Pacific Alliance to highlight the potential of creative industries in the region.

“If we look at what is in each of the countries, we are going to find pleasant surprises. In a country like Colombia, creative industries make twice the contribution to GDP than coffee, almost the same as mining. Mexico can be almost at 4% of GDP or more. Chile also has a participation and Peru is not even talking”, he stated enthusiastically.

He also proposed creating a market for the original products generated in the countries of the Pacific Alliance.