Sun | Mar 18, 2018

Corruption report says poor countries losing $1 trillion per year

Published:Wednesday | September 3, 2014 | 10:13 AM

Anti-corruption campaigners say an estimated $1 trillion a year is being taken out of poor countries and millions of lives are being lost because of corruption.

A report by the US-based anti-poverty organisation ONE, says much of the progress made over the past two decades in tackling extreme poverty has been put at risk by corruption and crime.

Corrupt activities include the use of phantom firms and money laundering.

The report blames corruption for 3.6 million deaths every year.

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