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Latin American Economy & Business - December 2014 (ISSN 1741-7430)

REGION: Corruption is alive and well

In early December Transparency International (TI), the anti-corruption lobby group, published its annual Corruption Perceptions Index (CPI). Latin American and Caribbean countries often find themselves figuring more prominently in these global rankings than they might like. This year the issue seems particularly prominent, with a major kickbacks scandal engulfing Petrobras (Brazil’s state-controlled oil company), conflict-of-interest concerns affecting a high speed rail contract in Mexico, and Argentina’s vice-president potentially facing trial on charges of ‘illicit enrichment’, to mention only a few headline cases. Here, we look again at the dimension of corruption issues in the region.

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