Graft Robs Public Sector Of 400 Billion US dollar A Year: Watchdog
An estimated 400 billion US dollar (2,28 billioner DKR) that is meant to be spent on public sector projects is lost to corruption every year, the head of the anti-graft watchdog Transparency International said Thursday.
Huguette Labelle, speaking at a four-day conference in Athens, said around 10 percent of the four trillion dollars (3,1 trillion euro) spent annually on public procurement is siphoned off by corrupt officials and their associates.
The comments came at the 13th International Anti-Corruption Conference (IACC) which is focused on how corruption impacts on politics, finance, resource management, climate change and crime.
The biennial conference is attended by over 1,200 delegates from 135 countries, organizers said, including experts from the United Nations, the World Bank and Amnesty International.
Kilde: www.worldbank.org
