The international community has time and again reaffirmed its intent to stamp out corruption, most recently last year, when the UN adopted the Sustainable Development Goals. And now new research from Bangladesh points such efforts in a promising direction.
COPENHAGEN – Corruption is a huge problem across the globe. In Africa, it is estimated that one-quarter of the continent’s GDP is “lost to corruption each year.” In Latin America, the Inter-American Development Bank believes that corruption may cost 10% of GDP every year. In the only comprehensive overview based on surveys of businesses and households, the World Bank puts the total direct cost of corruption at $1 trillion annually.
COPENHAGEN – Corruption is a huge problem across the globe. In Africa, it is estimated that one-quarter of the continent’s GDP is “lost to corruption each year.” In Latin America, the Inter-American Development Bank believes that corruption may cost 10% of GDP every year. In the only comprehensive overview based on surveys of businesses and households, the World Bank puts the total direct cost of corruption at $1 trillion annually.