An estimated $1tn (£600bn) a year is being taken out of poor countries and millions of lives are lost because of corruption, according to campaigners.

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BBC News

An estimated $1tn (£600bn) a year is being taken out of poor countries and millions of lives are lost because of corruption, the BBC reported, citing campaigners.

corruptionA report by the US-based anti-poverty organisation One says much of the progress made over the past two decades in tackling extreme poverty has been put at risk by corruption and crime.

Corrupt activities include the use of phantom firms and money laundering.

The report blames corruption for 3.6 million deaths every year.

If action were taken to end secrecy that allows corruption to thrive – and if the recovered revenues were invested in health – the group calculates that many deaths could be prevented in low-income countries.

One describes its findings as a “trillion dollar scandal.”

“Corruption inhibits private investment, reduces economic growth, increases the cost of doing business and can lead to political instability,” the report says.

“But in developing countries, corruption is a killer. When governments are deprived of their own resources to invest in health care, food security or essential infrastructure, it costs lives and the biggest toll is on children.”


0 Comments

  1. How much is the Woyanes looters contribute to the above mentioned figures? It is an every day episode to see how much corruption kills the poor and the country’s economy.Corrupted states men / women have no umbilical cords and they never say enough at a certain point. Every time, they change the strategy to steal public money and to get fat and fat like an Elephant. See how ugly body has Al Amoudi and his puppies.

  2. Its really very sad but when it comes to Ethiopia its systematically done by TPLF.Over 95 % of the money that was stolen from Ethiopia is Deliberately Engineered by Melese Zenawi and TPLF.They have stolen at least 40 billion dollar for the last 23 years.The vast majority of our people are living with less than a dollar a day while they have become richer day by day.At the same time life is getting harder for the vast majority of our people.We will get rid of TPLF and reclaim not only our freedom but also our wealth soon.I hope all Africans would wake up and fight this shameless robbery once and for all.Dathe to TPLF and their supporters.I am Andargachew and ESAT is mine.

  3. That is why the WEST loves tyrants and fascists from Mobutu, Mubarek to Meles because they starve their people and sell their country to please their masters. The recyled money looted from African and deposited in North American and European cities will help support their economy and develop further while Africans are killing each other and destroying their countries.

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