UN estimates annual volume of bribes worldwide at $1 trillion

UN estimates annual volume of bribes worldwide at $1 trillion

The UN message says that no country or region is immune to corruption.

Each year, officials around the world receive bribes for a total of $1 trillion, according to the UN estimations. The United Nations message dedicated to the International Anti-Corruption Day was published on December 9.

The world economy annually loses $2.6 trillion due to the corruption of officials, which is comparable to 5% of world GDP. According to the UN Development Program, the corruption financial losses exceed the volume of development assistance by 10 times in developing countries.

The UN message says that no country or region is immune to corruption.

Head of the United Nations Peacebuilding Support Office Patrick Keuleers especially noted the investigation of the Panamanian and Paradise archives, which have exposed the wealth hidden in offshore. In addition, he cited the materials of Oxfam International analysts on the annual losses of African countries worth about $14 billion due to tax evasion, as well as Transparency International's data on the Asia-Pacific region, according to which 38% of people living below the poverty line are forced to pay bribes for access to public services. 

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