logo
 
Bribery and corruption cost the world economy as much as 2 trillion dollars every year. A new report by the International Monetary Fund says, the money lost to corruption every year is 2 percent of the global gross domestic product. IMF Chief Christine Lagarde yesterday said, the direct economic costs of corruption are clear, but the indirect costs may be



even worse leading to low growth and greater income inequality. She said, it undermines trust in government and erodes the ethical standards of private citizens.
The report recommends, nations adopt international standards for fiscal and financial transparency to fight corruption and make the threat of prosecution for such crimes credible.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which Women's cricket team will win the Asia Cup 2024?

India
Pakistan
Sri Lanka