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new zealand least corrupt transparency intl

By International Adviser, 1 Dec 11

New Zealand is viewed as having the worlds least corrupt public sector, according to the 2011 Corruption Perceptions Index published today by Transparency International.

New Zealand is viewed as having the worlds least corrupt public sector, according to the 2011 Corruption Perceptions Index published today by Transparency International.

The index, which scored 183 countries and territories from zero (highly corrupt) to 10 (very clean), awarded the island a rating of 9.5. Scandinavian nations also fared well, with Denmark and Finland in joint-second place on 9.4, and Sweden ranked fourth on 9.3.

Singapore and Norway were the only other countries to receive scores of more than nine. At the bottom of the table were North Korea and Somalia, both of which received ratings of just 1.0 (see table).

Transparency International, a Berlin-based “global civil society organisation leading the fight against corruption”, warned that ongoing civil unrest around the world reflects concerns from citizens that their leaders are neither transparent nor accountable enough.

Huguette Labelle, chair of Transparency International, said: “This year we have seen corruption on protestors’ banners be they rich or poor. Whether in a Europe hit by debt crisis or an Arab world starting a new political era, leaders must heed the demands for better government.”

The index, which was compiled with support from Ernst & Young, drew on assessments and business opinion surveys carried out by independent institutions. These included questions relating to the bribery of public officials, kickbacks in public procurement, embezzlement of public funds, and the strength and effectiveness of public-sector anti-corruption efforts.

A full copy of the report can be downloaded from the Transparency International website.

Highs and Lows
  Highest scoring country Lowest scoring country
Americas Canada Haiti
Asia Pacific New Zealand North Korea
Europe & Central Asia Denmark Uzbekistan
Middle East & North Africa Qatar Iraq
Sub-Saharan Africa Botswana Somalia
G20 Australia Russia
OECD New Zealand Mexico
EU Denmark/Finland Bulgaria

 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.