Posted by hougansydney.com on Sunday, January 7, 2018 Under: Corruptions
A Wall Street financial advisory portal and investor subscription magazine, Trading Economics, which relies on data from the World Bank and the global financial market, has listed Guyana and Haiti as the most corrupt countries within the Caribbean Community of Nations (CARICOM).
Data from the entity which is often listed alongside Bloomberg and other financial information indexes are regularly featured in the Wall Street Journal among other respected investor publications that have repeatedly vouched for the accuracy of its data.
In the case of Guyana, although it had made a number of progress in recent years, its improvements were not enough to make it rank higher on the corruption scale within the CARICOM.
The breakdown of the data from the respected Wall Street financial advisory portal shows that the Bahamas is the least corrupt country within the Caribbean Community, followed closely by Barbados. Both countries have not only continued to maintain the number one and number two spots respectively (within the region) for years, but they also have continued to implement unprecedented refroms to combat corruption.
When it comes to Haiti, It is the most corrupt country within the regional organisation of which it has assumed the presidency on January 1, 2018.
Corruption has been endemic in Haiti for centuries, at every level of society. Government officials and senior functionaries are known to rely on kickbacks and other corrupt practices, resulting in many of them amassing large swaths of unexplained wealth which are often stashed in foreign accounts under the names of trustees or shell companies in places such as Switzerland, Panama, and Hong Kong among others.
President Jovenel Moise, sworn in on February 7, 2017, has made the corruption his main fight, in all public addresses the President has put in the forefront corruption as " a crime against development." But Jovenel Moise's fight against corruption in Haiti has been more talks than actions. A number of former and current high ranking government officials are accused in a damning 686 pages senatorial investigating report, of squandering, embezzling and mismanaging more than $3 billion on the so called Petro caribe funds, meant to finance social projects.
Despite enjoying a comfortable majority in the senate however, the corruption report still doesn't have enough support to receive a confidential vote, which would then allow charges to move forward, as President Moise continues to lobby senators from his own party to boycott the report since it incriminates the president himself, his senior officials, and former officials of the Michel Martelly government; the latter handpicked Moise as his successor.
In : Corruptions