BRIBERY RISK MATRIX 2021

Recently, Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation.

Important points:

• It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.
• It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of commercial bribery worldwide.
• It aggregates relevant data obtained from leading public interest and international organisations, including the United Nations, World Bank V-Dem Institute at the University of Gothenburg and World Economic Forum

Calculation Methods

1. Enforcement and anti-bribery deterrence.
2. Business interactions with the government.
3. Government and civil service transparency.
4. Capacity for civil society oversight which includes the media’s role.

Performance of the Countries:

• India has slipped to 82nd position in 2021, five places down from 77th rank last year.
• In 2020, India ranked 77 with a score of 45 while this year, the country stood at 82nd position with a score of 44.
• India fared better than its neighbours – Pakistan, China, Nepal and Bangladesh. Bhutan, meanwhile, secured 62nd rank.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT