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Corruption highest in sub-Saharan region, finds global index
01
Jul '15
Courtesy: Verisk Maplecroft
Courtesy: Verisk Maplecroft
Verisk Maplecroft’s annual Corruption Risk Index (CRI), reveals that Asia’s two primary economies, China (ranked 76th) and India (70th), pose a ‘high’ and ‘extreme risk’ to investors respectively. This is despite Beijing’s clampdown on corruption and New Delhi’s establishment of a national anti-corruption ombudsman.

Verisk Maplecroft is a leading global risk analytics, research and strategic forecasting company and offers a portfolio of risk solutions.

Following the FIFA scandal, corruption is now at the forefront of public consciousness, leaving the business practices of large organisations and companies under ever increasing scrutiny around the world. But where is the risk of corruption highest? Verisk Maplecroft has scored and ranked 198 economies on the prevalence of bribery and the effectiveness of official efforts to combat it to reveal the best and worst performing countries.

With 45 per cent, or 33, of the 73 countries rated ‘extreme risk’ in the annual CRI, Sub-Saharan Africa is identified as the region posing the highest risk to business. Its rapidly growing population and natural resource wealth have increased investment opportunities for business. The downside to this is that companies entering the region’s markets are especially prone to demands of bribery. (SH)

Fibre2Fashion News Desk – India

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