TRACE Bribery Risk Matrix 2020

Context

  • Global Bribery Risk Matrix is released by the anti-bribery standard-setting organization TRACE International.
  • This year, out of 194 countries, India has been ranked at 77th rank, one rank higher than the last year.
  • In 2019, India’s rank stood 78 position with a score of 48 while in 2020 the country was ranked 77 with a score of 45, the data showed.

Key Points

  • The index ranks the countries based on four factors: 1. Business interactions with government, 2. Anti-bribery deterrence and enforcement, 3. Government and civil service transparency, and 4. Capacity for civil society oversight.
  • The index assigns scores to the countries on a scale of 1 to 100 on each factor. The higher the score the higher is the risk of bribery.
  • The top rank in the list is held by Denmark, Norway, Finland, Sweden, and New Zealand, while North Korea, Turkmenistan, South Sudan, Venezuela, and Eritrea are at the bottom.
  • For compiling the index, TRACE uses data obtained from public interest and international organizations including the United Nations, World Bank, and World Economic Forum among others.
  • India ranks better than its neighbors on the index. Pakistan is ranked 153rd; Nepal 107th; and China 126th. However, Bhutan has been ranked above India at the 48th position on the index.

TRACE Bribery Risk Matrix

  • The TRACE Bribery Risk Matrix measures the likelihood of bribe demands in 194 countries.
  • It was originally published in the year 2014 for meeting the needs in the business community for more reliable, information about the risks of commercial bribery across the world.

Source: Economic Times

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