How far to trust a politician? Often a tricky subject – especially in a country like Mexico, where impunity is rife and many elected representatives appear still to live by the maxim of the late Carlos Hank González, an influential politician and businessman (with a statue to his honour in the city of Toluca), namely: “A politician who is poor is a poor politician.” Read more
By David McNair, the ONE Campaign
As the G20 leaders meet in Australia to discuss economic growth, the elephant in the room is corruption. The uncomfortable truth is that at least a trillion dollars are syphoned from developing countries every year as a result of tax evasion, money laundering, bribery and other forms of financial crime. Much of this money flows through anonymous companies registered G20 countries.
But while campaigners and governments have fought hard to forge consensus among G20 leaders on ensuring that these secret firms that facilitate corruption are addressed, last minute politics between China and other G20 members threatens progress. Read more
By Mohammad Zahoor of Istil Group and the Kyiv Post
I have been investing and doing business in Ukraine since its independence in 1991. I first arrived, aged 19, from Karachi on a scholarship to study metallurgy at Donetsk Technical University and after the break up of the Soviet Union stayed on and eventually invested $150m in Istil Ukraine, creating the most technically advanced steel facility in the CIS. I left the steel business in 2008, and today Istil Group is a Ukrainian conglomerate operating in many areas including real estate, media, manufacturing and coal enrichment.
Now, like many entrepreneurs in Ukraine I find myself depressed by the conflict, which potentially will cut GDP by 7 per cent this year and continues to cost lives every day. However, as an entrepreneur I am also excited by the investment opportunities in Ukraine. But for these opportunities to be fully realised it is essential that the pro-western parties who dominated last week’s parliamentary elections address the long-running issue of corruption. Read more
Do Brazilian voters care whether their politicians are corrupt? More particularly, do they care about political scandal at Petrobras, the state-controlled but publicly traded oil group that is both national champion and national treasure, a cherished symbol of Brazilian potential and prowess?
If you believe the latest opinion polls they either do care, in spades, or they don’t, not one bit. Read more
By Taras Kuzio of the University of Alberta
Petro Poroshenko, Ukraine’s president, has returned home after making emotional pleas for support to the Canadian and US legislatures, where he received sympathy and cash but no military assistance. Poroshenko faces deep-seated scepticism among western governments and experts over whether Ukraine’s leaders can overcome their differences, fight corruption and move beyond rhetoric to action in implementing long-overdue reforms. Read more
It is not news that under its ousted dictator, Zein al-Abidine Ben Ali (left), Tunisia was a kleptocracy, its heavily-regulated economy milked by the disgraced ruler, his extended family and others with political connections.
But now three years after the revolution which toppled Ben Ali, the World Bank says that restrictions on economic participation which blocked competitors and allowed his cronies to feather their nests are still in place. These continue to stifle the private-sector, ensuring that only a small number of people benefit at the expense of the majority of Tunisians. The result is poor economic growth and high youth unemployment –the very reasons which drove much of the discontent that led to the 2011 revolt against Ben Ali. Read more
By David McNair of the ONE Campaign
While the newswires are dominated by the threat of Isis, a critical opportunity to cut the support networks that fuel terrorism, criminality and tax evasion is passing unnoticed.
Terrorists rely on financial support – money channelled through the shadows of the western financial system. Secret companies and trusts, perfectly legal in many countries, allow criminals to fuel trillions of dollars through our financial system, evading tax while keeping their identities secret, building a virtual brick wall against law enforcement agents working to follow the money. Read more
An eccentric Indian tycoon, some of the world’s most luxurious hotels and now the Sultan of Brunei. The story of one Indian company’s tortuous journey out of legal hot water has just taken another twist.
The Sultan of Brunei has emerged as the lead bidder for the Grosvenor House Hotel and other luxury properties that India’s beleaguered Sahara group has been trying to sell off in a desperate attempt to get its ‘managing worker’ out of jail. Read more
In the past few decades, Ukraine has become one of the most corrupt countries in Europe. Many who protested against the regime of former president Viktor Yanukovich, deposed early this year, said that under his rule, corruption worsened dramatically.
Ukraine’s new authorities have assured voters they are ready to fight corruption. Donors such as the International Monetary Fund (IMF) have associated their financial support with Kiev’s anti-corruption measures.
So, what are the chances for success? Read more
By Mo Ibrahim of the Mo Ibrahim Foundation
As G7 leaders meet in Brussels, it’s worth reflecting for a moment on the changes that have occurred since last year’s summit. This year, the G8 will not meet against a backdrop of the Black Sea beaches of Sochi and Olympic glory, as planned. In fact, the G8 will not meet at all given international outrage over Russia’s action in Ukraine. Instead, the G7, sans Russia, will meet amid the medieval spires of Brussels.
The leaders’ agenda will doubtless focus on international crises. Tensions remain high in Ukraine following the Russian annexation of Crimea, and escalating terrorism impedes Nigeria’s path to development. In many ways, these crises are the by-products of corruption and the neglect of people’s fundamental rights, all of which have been allowed to fester in the global system. Read more
Anyone reading about Bangladesh would be forgiven for thinking it’s a one-industry country. And when it comes to exports, they wouldn’t be far wrong. More than three quarters of Bangladesh’s exports are of ready-made garments. The anniversary of the Rana Plaza disaster, in which more than 1,100 people died, has focussed attention on the industry’s dangers. But what is being done to move the economy away from sweat shop factories? Read more
The rise of the fledgling Aam Aadmi Party (AAP) in this general election has helped bring corruption and good governance into the spotlight. The two major parties, the ruling Congress and the opposition Bharatiya Janata Party (BJP) have put the issues front and centre of their campaigns.
But the corruption around electioneering itself seems to have increased – rather than decreased – this year with the usual reports of handouts ahead of voting all over the country. Read more
By Iftekhar Zaman, Transparency International, Bangladesh
One year ago today, three thousand garment workers started a typical work day at Rana Plaza in Bangladesh.
Like many of the country’s 4m garment workers – over 80 per cent of whom are young women – they earned just over one dollar a day for up to 19 hours of work; went without water or toilets; and crucially were not protected by basic workplace safety standards. They walked up one staircase: the only way in and out of the building. Read more
Voting is already underway in the state of Maharashtra, with citizens in the city of Mumbai casting their ballot next week.
And to stir things up, National Election Watch has released a new report analysing the financial and criminal records of candidates in the region. The questionable past of many leading figures in Indian politics is, sadly, old news. But the fact that organisations are digging up such detailed information on would-be leaders is a sign of progress in the world’s largest democracy, where governance has become the issue of the day. Read more
By Neelanjan Sircar and Milan Vaishnav
Come election time, a standard trope goes that India is engaged in a relentless tug-of-war between its rural and urban populations. On the one hand sit urban metropolises like Mumbai and Bangalore, whose cosmopolitan citizens rail against corrupt politicians, fetishise growth and care little for parochial concerns, like caste. On the other hand sits India’s vast rural hinterlands, where caste dictates social relations and corruption takes a backseat to basic sustenance. Yet if this divide did once provide an accurate description of the country, there is good reason to doubt it as India heads to the polls in 2014. Read more