Showing posts with label trillion stolen annually. Show all posts
Showing posts with label trillion stolen annually. Show all posts

Monday, December 9, 2013

Corruption: $2.6 trillion stolen annually, says AfDB.



The African Development Bank (AfDB) says an estimated 2.6 trillion dollars is stolen annually through high level corrupt practises in Africa. Dr Donald Kaberuka, AfDB’s President said today as part of activities to mark the International Anti-Corruption Day.

He said that the figure amounted to more than five per cent equivalence of the global GDP. According to AfDB one trillion dollars were being paid in bribes across the world every year. Kaberuka said that corruption had become a global threat, causing a serious roadblock to economic development and prosperity.

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