The Convention has been in force for 17 years, during which time 195 monitoring reports have been adopted and more than 1,450 recommendations have been proposed to the States Parties.

Ministers and representatives of 41 States Parties to the Convention discussed measures to strengthen international efforts to combat foreign bribery and reaffirmed their commitment to the continued application of the Convention. They also noted the many successes achieved during the first three phases of the Convention's monitoring and officially launched the fourth phase, which will focus on analyzing and addressing the challenges highlighted in previous reports, as well as in-depth examination of particularly complex issues, such as the application of the Convention to foreign bribery in international commercial transactions.

The OECD meeting culminated in the signing of a Ministerial Declaration, which recognized the need to strengthen enforcement of existing laws regulating bribery by legal persons of foreign officials, including employees of public corporations and state-owned companies.

A total of 50 countries joined the Declaration, calling for increased law enforcement efforts to effectively detect and investigate foreign bribery, improved mechanisms to protect whistleblowers, a commitment to strengthen international cooperation by ensuring timely and effective data sharing, the importance of developing public-private partnerships, and the need to stimulate further dialogue on the adoption of procyclical laws and regulations, as well as the need to ensure that the OECD's Ministerial Declaration on Foreign Bribery and Foreign Corrupt Practices is adopted in a timely and effective manner.