BROWSE

Facilitating Payment

Definition

A facilitating payment is a certain type of payment to foreign officials that is not considered to be bribery according to legislations of some states as well as in the international anti-bribery conventions, e.g., coming from the OECD.

What is 'Facilitating Payment'

A financial payment that may constitute a bribe and that is made with the intention of expediting an administrative process. A facilitating payment is a payment made to a public or government official that acts as incentive for the official to complete some action or process expeditiously, to the benefit of the party making the payment.

Explaining 'Facilitating Payment'

Generally, facilitating payments are demanded by low-level, low-income officials in exchange for providing a service to which the payer is entitled even without the payment. Certain countries do not consider facilitating payments bribes as long as such payment is not made to earn or maintain business, or to create an unfair or improper advantage over another business. Such countries may believe these payments are simply a part of the cost of doing business. In other countries, including the United Kingdom and Germany, facilitating payments made abroad are considered bribes and are prohibited.


Further Reading


Access to financial services: A review of the issues and public policy objectives
academic.oup.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Corruption and companies: The use of facilitating paymentsCorruption and companies: The use of facilitating payments
link.springer.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Bitcoin: Economics, technology, and governanceBitcoin: Economics, technology, and governance
www.aeaweb.org [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Subregional financial cooperation: the South American experienceSubregional financial cooperation: the South American experience
www.tandfonline.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

What is optimal financial regulation?What is optimal financial regulation?
books.google.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Mobile Phones and Financial Services in Developing Countries: a review of concepts, methods, issues, evidence and future research directionsMobile Phones and Financial Services in Developing Countries: a review of concepts, methods, issues, evidence and future research directions
www.tandfonline.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Exploring consumer adoption of proximity mobile paymentsExploring consumer adoption of proximity mobile payments
www.tandfonline.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …

Financial sector development, economic growth, and poverty reduction: A literature reviewFinancial sector development, economic growth, and poverty reduction: A literature review
papers.ssrn.com [PDF]
… from potential instability.8 A second phrase that needs some explanation is facilitating (rather than … In this sense, improvements in the ability of finance to facilitate rather than impede … and processed, risk is shared among economic agents, and payments are facilitated across the …