News - Features - Fighting corruption in South Asia

News - Features - Fighting corruption in South Asia

NEW
REPORT: Corruption is on the rise in South Asia and if it's not
tackled, leaders run the risk that economic growth does nothing to help
the half billion South Asians who still live in poverty.

Read what the problems are and what should be done: http://bit.ly/1ne3aPd

 

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Nepotism, bribery and fraud can cause economic stagnation and deepen
poverty. These corrupt practices siphon off money intended for public
services, which often hits the poorest the hardest as they are most in
need of social safety nets. They can also scare off investors who
contribute to economic development and concentrate wealth in the hands
of a few.

Corruption is on the rise in South Asia and failure to tackle it will
threaten the region’s economic progress, as well as efforts to share
that progress equitably. Despite 6 per cent average economic growth in the past 20 years, more than 40 per cent of the world’s poor live in South Asia.