Sat Oct 6 20:56:34 200717

Fetching...
 
YOU ARE HERE: Homepage > Newsdesk > Article
Multinationals fuel graft in poor states-watchdog
26 Sep 2007 09:00:00 GMT
Source: Reuters
Nigerian actress Lola Toluwase during the shooting of the movie "Covenant of the Ancestors", in the creeks of Sagbama near Yenagoa in the volatile Niger Delta region of Nigeria, August 2006. The film is about the restiveness caused by the politics of oil in the Niger Delta and how young people have been caught up in conflict through the formation of militant groups.
Previous | Next
Nigerian actress Lola Toluwase during the shooting of the movie "Covenant of the Ancestors", in the creeks of Sagbama near Yenagoa in the volatile Niger Delta region of Nigeria, August 2006. The film is about the restiveness caused by the politics of oil in the Niger Delta and how young people have been caught up in conflict through the formation of militant groups.
REUTERS/George Esiri
By Sylvia Westall

BERLIN, Sept 26 (Reuters) - Multinational companies and financial institutions that use bribery and tolerate illicitly gained wealth are helping fuel corruption in the world's poorest countries, a global corruption watchdog said on Wednesday.

Berlin-based Transparency International (TI) said in its latest corruption perceptions report that while poorer countries should tackle their own graft problems, richer states are also responsible, and often to blame.

"Bribe money often stems from multinationals based in the world's richest countries. It can no longer be acceptable for these companies to regard bribery in export markets as a legitimate business strategy," the report said.

The survey, compiled from surveys covering 180 countries and territories, ranked them according to perceived levels of corruption among public officials and politicians.

Somalia and Myanmar shared the lowest score of 1.4. At the other end were Denmark, Finland and New Zealand, prized for fair judiciaries and transparent public finances, with 9.4.

Global financial centres play a central role in allowing corrupt officials hide and invest funds, TI said, citing the example of Nigeria and the Philippines, where officials looted millions of dollars.

"Criticism by rich countries of corruption in poor ones has little credibility while their financial institutions sit on wealth stolen from the world's poorest people," Akere Muna, TI Vice Chair, said.

Forty percent of countries scoring below three, which indicates corruption is perceived as rampant, are classified by the World Bank as low income countries, TI said.

War-stricken countries such as Afghanistan, Iraq and Sudan have also deeply suffered from rampant corruption and are at the bottom of the table, TI Chair Huguette Labelle told Reuters.

She said even efforts to rebuild countries devastated by violence through large infrastructure projects also make them particularly vulnerable.

"This is a very ripe area for corruption as everybody tries to get these lucrative contracts and are more inclined to try to put money under the table," she said.

"Corruption manufactures poverty, it seeds violence and it destabilises countries dramatically."

The report said significant progress had been made in some African countries including Namibia, Swaziland and 2010 World Cup host South Africa, thanks to genuine anti-corruption efforts and political reform.

The European Union accession process has also helped countries like Romania tackle corruption, TI said.

For a table please click: <nL25550335>
AlertNet news is provided by

Delicio.us  |   Digg  |   NewsVine  |   Reddit                                                                                  Permalink

U.S. "disturbed" by aid worker's arrest in Nigeria
Iraqi Shi'ite leaders seal pact to curb violence
Iraqi Shi'ite leaders sign deal to curb violence
FACTBOX-Military and civilian deaths in Iraq
FACTBOX-Security developments in Iraq, Oct. 6
Sudan: ADRA Responds to Historic Flooding
AMERICARES AND INTERNATIONAL MEDICAL CORPS AIRLIFT RELIEF FOR CHOLERA OUTBREAK IN IRAQ
Red Cross Red Crescent statistics show Africa's flooding crisis will only get worse
Darfur: "A humanitarian problem that will not go away quickly"
Contaminated waters raise health fears in Sudan
Thumb for /thefacts/imagerepository/RTRPICT/2007-10-06T094235Z_01_BAG203_RTRIDSP_2_IRAQ_mainimage.jpg|/thenews/pictures/BAG203.htm
Thumb for /thefacts/imagerepository/RTRPICT/2007-10-06T094202Z_01_BAG202_RTRIDSP_2_IRAQ_mainimage.jpg|/thenews/pictures/BAG202.htm
Thumb for /thefacts/imagerepository/RTRPICT/2007-10-06T093831Z_01_BAG201_RTRIDSP_2_IRAQ_mainimage.jpg|/thenews/pictures/BAG201.htm
Thumb for /thefacts/imagerepository/RTRPICT/2007-10-06T093746Z_01_BAG200_RTRIDSP_2_IRAQ_mainimage.jpg|/thenews/pictures/BAG200.htm
Thumb for /thefacts/imagerepository/RTRPICT/2007-10-05T154539Z_01_AFR08_RTRIDSP_2_NIGERIA_mainimage.jpg|/thenews/pictures/AFR08.htm

Demonstrators wave Iraqi flags during a protest in Baghdad October 6, 2007. Members of the Iraqi Democratic Nation Party held a rally in Baghdad on Saturday protesting against the federal system in Iraq which was proposed by the U.S. Senate.



URL: http://www.alertnet.org/thenews/newsdesk/L25435498.htm

For our full disclaimer and copyright information please visit http://www.alertnet.org