Fighting corruption is a global imperative. Today, on International Anti-Corruption Day, it is more important than ever that the international community re-affirm its collective commitment to preventing and eradicating public corruption.
The United Nations estimates that the annual cost of corruption is approximately $2.6 trillion, with over $1 trillion paid in bribes each year. That $2.6 trillion is a staggering five percent of the world’s economy. But the impact of corruption is far more insidious and harmful than can be measured numerically. Corruption imperils development, stability, and faith in financial markets. The effects of corruption …read more
Source: The Huffington Post
