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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Putting public sector corruption on the map
The Corruption Perceptions Index, the annual index of perceived levels of public sector corruption around the globe, enters its 20th year of publication this year. Over the past two decades, the index has become one of the key corruption indices worldwide. There is a Harvard case on it and it has even been used as a […]
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 27 Asia Pacific countries in the index, which account for nearly 61 per cent of […]
Challenging corruption in Afghanistan
Two years ago all the major donors to Afghanistan met in Tokyo to map a way forward for the war-torn country. Then president Hamid Karzai promised if the money kept coming in he would ensure it would not be lost to corruption. At the time Transparency International recommended a raft of measures aimed at curbing […]
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 […]
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 […]
Public procurement: guide to help citizens get value for their taxes
Every year an average US$9.5 trillion of public money is spent by governments on procuring goods and services, ranging from equipment for public hospitals and textbooks for schools, to large-scale construction projects, such as building roads, bridges and airports. With so much money at stake, the contracting process, referred to as public procurement, presents a […]
The hard business of easy access
News of the arrest of 11 people, including high-ranking public officials, on suspicions of corruption in the issuing of so-called golden visas rocked Portugal this weekend. Officials stand accused of having taken bribes to supply residency permits to preferred millionaire foreign “investors”, revealing just one of the many problems with “Golden Visa” programmes that must […]
G20 needs to boost banking supervision
Five major banks pay fines for currency manipulation On the eve of the Group of 20 Summit in Brisbane, Australia, a group of the world’s biggest banks have agreed to pay US$4.2 billion in fines to UK, US and Swiss authorities to settle charges that they fixed international currency markets over many years. This agreement […]
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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