Bribery Risk Matrix, 2021: India stands at 82 in global bribery risk rankings, dips by five spots

What is the News?

The Bribery Risk Matrix 2021 has been released by TRACE, an anti-bribery standard-setting organization.

The risk matrix measures the likelihood of bribe demands in 194 jurisdictions.

About Bribery Risk Matrix 2021 

Aim: To measure business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.

First Published in: The index was originally published in 2014 for more reliable and nuanced information about the risks of commercial bribery worldwide.

Parameters: The matrix is based on four factors —  i). Business interactions with the government, ii). Anti-bribery deterrence and enforcement, iii). Government and civil service transparency, iv). Capacity for civil society oversight, which includes the role of the media.

Source of Data: Leading public interest and international organisations, including the United Nations, World Bank, V-Dem Institute at the University of Gothenburg and World Economic Forum.

Significance: Helps companies to assess the likely risk of bribe demands in each country and to design compliance and due diligence programs tailored to that risk.

What are the key findings?

India has slipped to 82nd position in 2021 which is five places down from 77th rank in 2020.

India fared better than its neighbors – Pakistan, China, Nepal and Bangladesh. Meanwhile, Bhutan secured 62nd rank.

– Lowest bribery risk: Denmark, Norway, Finland, Sweden and New Zealand present the

– Highest commercial bribery risk: On the other hand, North Korea, Turkmenistan, Venezuela and Eritrea pose the

Source: This post is based on the articleIndia stands at 82 in global bribery risk rankings, dips by five spotspublished by Indian Express on 19th Nov 2021.

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