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OECD sheds light on transnational corruption

This week, the Organisation for Economic Cooperation and Development (OECD) published a ground-breaking report that dissects the massive and mostly hidden phenomenon of transnational corruption. Looking at more than 400 bribery cases across 41 countries that amounted to US$13.8 million per bribe, the report gives a glimpse inside the shadowy world of corrupt practices by […]

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Sub-Saharan Africa: corruption still hurts daily lives

Once again, the Corruption Perceptions Index results are not fundamentally different from previous years: the majority of African countries still have a score of less than 50 per cent, which in our view depicts a situation of endemic corruption. In a continent with high level of economic growth rates (compared to many parts of the […]

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Europe, Central Asia and the state of corruption in 2014: the gold standard?

Perhaps it should come as no surprise that out of 175 countries in the 2014 Corruption Perceptions Index, the once great economic hope of many – Turkey – suffered one of the biggest drops in score (down five points to 45 out of 100 on a scale where 0 is highly corrupt and 100 very […]

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Middle East and North Africa: a region in turmoil

Three out of the bottom 10 countries on Transparency International’s 2014 Corruption Perceptions Index are from the Middle East and North Africa. Two of these three are in the midst of gruesome civil wars where lives are being lost daily. Iraq and Libya tell a story of a region in turmoil plagued with geopolitical insecurity, […]

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Corruption in the Americas: the Good, the Bad and the Ugly?

The 2014 Corruption Perceptions Index does not show significant movement in the scores of the countries in the Americas. For the more cynical among us, this is a good sign as there is always the possibility of worsening. But the reality is that stagnation is not good news. Each year that passes without things improving, […]

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Asia Pacific: growing economies, growing corruption

The 2014 Corruption Perceptions Index scores of countries from Asia Pacific, the world’s fastest growing region, are a resounding message to leaders that, despite many public declarations and commitments, not enough is being done to fight corruption. Out of the 28 Asia Pacific countries in the index, which account for nearly 61 per cent of […]

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Moldova: time to tackle corruption

Moldova is a small land-locked country of 3.5 million people in the heart of Europe and, amid all the turmoil in neighbouring Ukraine, we will be going to the polls on 30 November. Given our position, our large Russian-speaking population and our dependence on Russian gas, this election may determine how far Moldova can progress […]

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Corruption and banking: forex heralds an important change in rhetoric

This week’s announcement about the rigging of the foreign exchange markets marks one significant change: at last, the media and the Chancellor are using the word corruption to describe this behaviour. Today we take tough action to clean up corruption.” – UK’s Chancellor of the Exchequer George Osborne Since the financial crisis started in 2008, banks have been fined […]

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Vicious cycle of money, power and influence leaves the rest of us behind

We live in a world where 1 billion people live in extreme poverty, with less than US$1.25/day. This is the same world where the market for super yachts is booming. The 85 richest people in the world have the same wealth as the poorest 3.5 billion. The gulf between the haves and the have nots […]

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No impunity: the law steps in to investigate

It’s getting harder for Teodoro Nguema Obiang Mangue to keep getting away with it. The son of the long-serving president of Equatorial Guinea has been forced by the US government to forfeit his cliff-top Malibu mansion, a rare Ferrari and several life-size Michael Jackson statues, all said by the US Department of Justice to have […]

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