Back

Weekly Report - 14 January 2010 (WR-10-02)

TRACKING TRENDS

COLOMBIA | Cost of corruption. The government's anti-corruption czar, Oscar Ortiz, claimed this week that Col$3.9 trillion (US$2bn) in bribes were paid in Colombia in 2009. Ortiz did not explain how he reached this figure but he said it was “serious in any society, but a catastrophe in Colombia". Ortiz said that the bribes are principally associated with public works contracts, although there are also irregularities in the resources the various municipalities and departments receive from the royalties for oil exploration. He said the money was the equivalent of an entire year's worth of foreign direct investment (Col$3.7 trillion in 2007). Alternatively, he said, it would have provided 347,000 families with housing subsidies; education for 325,000 children; or helped to build 2,000 sewer systems or 1,800 aqueducts. “Corruption harms rights and limits development," he concluded.

End of preview - This article contains approximately 143 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.