The effect of bribery, fundraising and other malpractices already have a quantified economic effect. The International Monetary Fund (IMF) took on Tuesday a report entitled “Corruption costs and Strategy to mitigate” in which warns that the annual cost of corruption is equivalent to 2% of gross domestic product (GDP) in the world, which totaling more than US $ 2 billion each year.
in this report the impact of corruption carried out by public officials with own benefit analyzes, which indicated that it is a problem that occurs in both in developed countries and emerging. it also represents a challenge to the credibility with governments to citizens, increasing distrust when accountabilities.
Despite the brevity that is the report, the director of the IMF, Christine Lagarde, warned that “while the direct costs of corruption are well known, indirect can be even more substantial and debilitating. what encourages slow economic growth and social inequality.” also, while the official explained the report required them to members of the institution he leads attack these malpractices, thus promoting strategies with the Government to identify the sources of corruption of public institutions.
recommendations making the International Monetary Fund is the Operation Malaya taken as an example against money laundering. In Spain, a country that has implemented this strategy, several public officials, lawyers and other intermediaries were convicted and about 520 million in criminal fines were imposed. This policy has been implemented in countries like Ukraine, where the report indicates that corrupt leaders could transfer large amounts of illegal funds outside its borders through commercial banks under their control and other satellite bodies.
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