NEWS

This section provides readers with the latest news regarding anti-corruption issues worldwide.

Corruption 'impoverishes and kills millions'

The ONE group says money lost because of corruption would otherwise be spent on school and medicine. 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. A 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. Corruption is overshadowing natural disasters and disease as the scourge of poor countries, the report says…The report says that if corruption was eradicated in sub-Saharan Africa: Education would be provided to an additional 10 million children per year; Money would be available to pay for an additional 500,000 primary school teachers; Antiretroviral drugs for more than 11 million people with HIV/Aids would be provided.