Friday January 29 2016
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: International
Transparency International has published the 2015 edition of the Corruption Perceptions Index. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). A country`s rank indicates its position relative to the other countries in the index. This year`s index includes 168 countries and territories.
Denmark took the top spot for the 2nd year running, with North Korea and Somalia the worst performers, scoring just 8 points each.
Top performers share key characteristics: high levels of press freedom; access to budget information so the public knows where money comes from and how it is spent; high levels of integrity among people in power; and judiciaries that don’t differentiate between rich and poor, and that are truly independent from other parts of government.
In addition to conflict and war, poor governance, weak public institutions like police and the judiciary, and a lack of independence in the media characterise the lowest ranked countries.
The big decliners in the past 4 years include Libya, Australia, Brazil, Spain and Turkey. The big improvers include Greece, Senegal and UK.
The following countries made up the top 10 rankings:
- Denmark
- Finland
- Sweden
- New Zealand
- Netherlands
- Norway
- Switzerland
- Singapore
- Canada
- Germany
Click on the link above for further details.