Recently, Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation.
Details :
North Korea, Turkmenistan, Venezuela and Eritrea pose the highest commercial bribery risk.
Denmark, Norway, Finland, Sweden and New Zealand present the lowest bribery risk.
India has slipped to 82nd position in 2021, five places down from 77th rank last year.
India fared better than its neighbours – Pakistan, China, Nepal and Bangladesh.
Bhutan, meanwhile, secured 62nd rank.
over the past 10 years, the business bribery risk environment worsened significantly in countries that also experienced democratic backsliding: Egypt, Venezuela, Turkey, Poland and Hungary.
From 2020 to 2021, all of the Gulf Cooperation Council (GCC) countries saw an increase in commercial bribery risk.
About the Matrix:
It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.
Parameters:
business interactions with the government,
anti-bribery deterrence and enforcement,
government and civil service transparency,
capacity for civil society oversight
It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of commercial bribery worldwide.
It aggregates relevant data obtained from leading public interest and international organisations, including the United Nations, World Bank, V-Dem Institute at the University of Gothenburg and World Economic Forum.
