Pervasive corruption costs $2.6 trillion; disproportionately affects ‘poor and vulnerable’ says UN chief

This article is brought to you in association with the United Nations.

Corruption is present in all countries, “rich and poor, North and South, developed and developing,” United Nations Secretary-General António Guterres told the Security Council on Monday, at a session on tackling corruption for the sake of peace and international security.

“Numbers show the startling scope of the challenge,” the UN chief said on Monday, citing World Economic Forum estimates that corruption costs at least $2.6 trillion – or five per cent of global gross domestic product.

And according to the World Bank, businesses and individuals pay more than $1 trillion in bribes each year.

Mr. Guterres elaborated saying that corruption:

  • Robs schools, hospitals and others of vitally needed funds.
  • Rots institutions, as officials enrich themselves or ignore criminality.
  • Deprives people of their rights and drives away foreign investment and despoils the environment.
  • Breeds disillusion with government and governance – often at the root of political dysfunction and social disunity.
  • Can be a trigger for conflict.
  • And, drives and thrives on the breakdown of political and social institutions.

UN Photo/Eskinder Debebe

“The poor and vulnerable suffer disproportionately,” he stressed.  “And impunity compounds the problem.”

The UN chief linked corruption to many forms of instability and violence, such as the illicit trafficking of weapons, drugs and people and noted that connections between corruption, terrorism and violent extremism have been repeatedly recognized by the Security Council and General Assembly.

“Large-scale corruption surveys conducted by the United Nations Office on Drugs and Crime (UNODC) found that bribery of public officials was particularly high in areas affected by conflict,” he continued, adding that in times of conflict, corruption can be especially devastating as it can affect basic needs and exacerbate hunger and poverty.

“It is especially important to build up the capacity of national anti-corruption commissions and prosecutorial efforts,” he told the Council, encouraging governments to ensure independent judiciaries, media freedom and whistleblower protections.

He suggested that the international community work effectively against money laundering, tax evasion and the illicit financial flows “that have deprived countries of much-needed resources,” and that feed further corruption.

Mr. Guterres reiterated some of the ways the Organization can support Member States, “from sharing good practices to supporting efforts to strengthen national anti-corruption institutions.”

Mr. Guterres recognized that people globally continue to express outrage over their corrupt leaders, noting how deeply corruption is embedded in societies, saying “They are rightly calling for political establishments to operate with transparency and accountability – or make way for those who will.”

“I call on leaders everywhere to listen, to nurture a culture of integrity and to empower citizens to do their part at the grass roots,” he said.

Stop mass atrocities by curbing war profiteers

Also taking the floor was John Prendergast, Co-founder, with George Clooney, of “The Sentry,” a team of policy analysts, regional experts, and financial forensic investigators who follow the flow of corrupt cash, and its close links with African warlords who perpetrate atrocities.

With a focus on the continent, Mr. Prendergast highlighted the major role of corruption in fueling and extending conflict, explaining that war has been good business for many.

Citing deadly African conflicts, such as in the Democratic Republic of the Congo, South Sudan and the Central African Republic, he spoke of the extraordinary opportunities exploited by profiteers when “there is a visible nexus between grand corruption and mass atrocities.”

“Until the Security Council and other interested parties with potential influence can create leverage” to change the dynamics of financing conflict, from pillaging resources, looting and stealing state assets, he assured the Council that “the bottom line is that war will remain more beneficial than peace for those at the centre of conflict and corruption.”

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

The importance of exchanges for the medical students of the world

The three sins the EU committed in 2015

Who is responsible for public health? The tendencies and its benefits –or not– on Health Education around the world

For video game addiction, now read official ‘gaming disorder’: World Health Organization

Brexit negotiations: Can May’s Britain bounce back?

France-Germany: Divided in Europe, USA united in…Iran

Technology is delivering better access to financial services. Here’s how

2013, a Political Odyssey: What future for Italy?

How will the EU face the migration crisis when the Turkish threats come true?

Draghi indirectly accuses Germany of using double standards in financial issues

‘Well-being of two million’ in Gaza at stake as emergency fuel runs dry: UN humanitarian coordinator

This AI can predict your personality just by looking at your eyes

G20 LIVE: The European Sting covers online world news and the latest developments at G20 from Antalya Turkey

“The Belt and Road Initiative should be mutually beneficial for EU and China and every participating country”, Vice-President Papadimoulis of the European Parliament underscores from European Business Summit 2018

The Monetary Union drives Europe into dangerous paths, CoR demands an EMU of regional content

Europe’s dirty air kills 400,000 people every year

A Sting Exclusive live from Brussels: Solheim’s consequential visit leading the world and the UN

Trailing the US-EU economic confrontation

Better air pollution data is helping us all breathe easier. Here’s how

Education expenditure in the EU not hurt much by crisis

South Sudan’s foreseen genocide: from “Never Again” to “Again and Again and Again”?

In Finland, speeding tickets are linked to your income

The miserables and the untouchables of the economic crisis

Horse meat runs faster than authorities…

As Saudi women take the wheel, UN chief hopes end of driving ban creates more opportunities for kingdom’s women and girls

A day in the life of a refugee: the role of nations and citizens of the world

EU Commission accuses Germany of obstructing growth and the banking union

Eurozone recession subsides

What have the banks done to the markets making them unable to bear cheap oil?

Banks promise easing of credit conditions in support of the real economy

G20 LIVE: G20 Leaders’ Communiqué Antalya Summit, 15-16 November 2015

Deeper reforms in Germany will ensure more inclusive and sustainable growth

Catalan Pro-Independence vote: how many hits can Brussels sustain at the same time?

A Trumpist squad shook Davos and the world

Where is Egypt leading the Middle East and the Mediterranean economy?

The US bugged Europe: Is this news?

EU-wide rules for safety of drones approved by European Parliament

Migration crisis update: The “Habsburg Empire” comes back to life while EU loses control

It’s Trump’s anti-globalization and inward-looking rhetoric that perturbs GOP and US

Bureaucracy in the member states again the obstacle for long due strong European Hedge Funds

The fat from your next takeaway meal could help clean up global shipping

China is adding a London-sized electric bus fleet every five weeks

Climate change and health: an everyday solution

Act now to end violence, Zeid urges Nicaraguan authorities

Gender equality and medicine in the 21st century: an equity unachieved

US and Mexico child deportations drive extreme violence and trauma: UNICEF

Israel @ MWC14: Israel The Start App Nation

How did Facebook fool the Commission that easily during the WhatsApp acquisition?

This Syrian national has been trapped at Kuala Lumpur airport for 3 months

Draghi: Germany has to spend if Eurozone is to exit recession

Who can compel Wallonia to unlock CETA, the EU-Canada free trade pack?

Cryptocurrency mining could become the new face of energy storage. Here’s how

Switzerland to favour EU citizens in immigration quotas as the risk of a new referendum looms

This is what you need to know about the Iran nuclear deal

OECD sees global growth moderating as uncertainties intensify

Humanitarian visas to avoid refugees’ deaths

Eurozone: There is a remedy for regional convergence

How robotics can help humanitarians bridge the digital divide

CHINA: five letters that could mean…

Eurozone: Economic Sentiment Indicator recovering losses

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s