Reform Strategies for Improving Oversight and Combating Financial Corruption

Abstract

Financial corruption is one of the major challenges faced by administrative systems, which—manifesting in political, economic, and sometimes cultural and ethical dimensions—threatens the legitimacy of governance structures. A weak state capacity to address this issue can seriously hinder economic growth and development. In developing countries, financial corruption generates crises, particularly in political, social, and economic spheres, that necessitate fundamental reforms in economic and administrative processes. Transparency, the strengthening of oversight institutions, and legal reforms are essential requirements in this regard.This study aims to identify and examine the most effective factors for eliminating financial corruption within an oversight framework. It seeks to answer the question: Which factors and mechanisms can contribute to reducing financial corruption and improving the performance of oversight institutions? The findings—derived through a descriptive-analytical method based on library research—indicate that, in order to combat financial corruption effectively, addressing not only its symptoms but also its root causes is imperative. One of the key factors in reducing financial corruption is the strengthening of independent and transparent oversight structures capable of identifying and confronting the roots of corruption within administrative and executive systems.