Governments at the top of global economies are battling corruption, according to a new report. Transparency International’s latest report, released in January, showed that a startling number of countries show little improvement in the fight against corruption.
Countries with higher levels of government corruption, such as the United States, China, Russia, India, and Brazil, are perceived to have higher levels of corruption than countries with lower levels.
Countries with higher corruption levels also tend to be more vulnerable to political crises, such as the COVID 19 crisis. Transparency International has warned that corruption weakens democracy and undermines the rule of law in Malta and Brazil.
With the growing global movement to hold public institutions more accountable for their role in corruption, CIPE has focused on combating supply and corruption. Transparency International, an international non-governmental organisation set up to fight corruption, has also investigated the role of corruption in various public institutions, including the medical and health sectors, as well as the private sector.
However, due to today’s business’s global nature, organisations have difficulty establishing strategies to combat bribery and corruption worldwide, as the cultures of different countries may have behaved in ways that are not considered ethical in terms of bribery or corruption. The immediate cause of the current crisis is both perfectly legal and fantastic, and acts of corruption that break the law are serious problems. Corruption is a significant problem in health systems, including in rich and poor countries.
The most powerful are also corrupt
Strategic corruption (kleptocracy) is a form of corruption in which the political elite organises and facilitates bribery. Much of the corruption could occur in private-sector where large bribes are expected.
Financial institutions accepting corrupt profits are among the sectors most vulnerable to crime: lawyers, bankers, and accountants that facilitate corrupt transactions are also sectors of interest.
Global efforts to reduce corruption are a series of interlinked steps towards greater financial information and transparency. Improving transparency and fighting corruption is essential to establish the rule of law, improve the business environment and ensure inclusive democracy. We call on all participants in the UN Special Session on Corruption to seize the opportunity to make an important contribution to the fight against corruption in the extractive industries. By shedding light on the financial corruption that undermines democracy and development around the world, we can take a leadership role in confronting corrupt and kleptocratic economic regimes.
Transparency International is a global civil society organisation that has been leading the fight against corruption for more than 25 years. CEO – led the anti-corruption initiative and hosted the world’s largest annual conference on corruption in the extractive industries. Aware that corruption increases social inequality, PACI aims to shape the global anti-corruption agenda by creating a new global framework for preventing, transparency, accountability and accountability.
It would establish an anti-corruption fund to help countries with historic opportunities to fight corruption. It states that US leaders reaffirm their commitment to defend themselves against arming corruption for geopolitical purposes. They are encouraged to adapt to a politically volatile world, and integrate corruption considerations into their foreign policy and national security strategy.
Working towards a common enemy
In recent decades, new laws on financial and corporate transparency have been introduced to curb money laundering, as well as new rules on the attachment of aid and loans, investigation of corruption, and return of stolen assets. It takes stock of several emerging challenges, including the need to combat corruption risks to protect the world from climate change and environmental degradation. IACC shows the importance of fighting corruption in the global health sector. The UNDP supports efforts to reduce the risks of corruption in the health sector and strengthens a shared vision for an integrated approach.
International anti-corruption fora: includes the World Health Organisation (WHO), the United Nations High Commissioner for Human Rights (UNHRC) and the International Criminal Court (ICC).
A special session of the United Nations General Assembly on corruption and human rights was scheduled for October 2020 in Saudi Arabia. In April 2021, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) will organise a special meeting on corruption and human rights in the Middle East and North Africa (MENA) for April 2021. The decision to hold a “special session on corruption” in 2021 is a welcome step. There are still ten years left in the decade to achieve the internationally agreed Sustainable Development Goals (SDGs).
America’s anti-corruption agenda must go further, but the next president will likely be responsible for pushing through anti-corruption reforms and restore trust in Congress. Of course, no law is perfect. It is likely to face opposition from some of the most influential political parties in Congress.