LatAm corruption: The good, the bad and the ugly
Is Latin America doing enough to end corruption?
According to campaigning NGO Transparency International (TI), no.
In a report accompanying its 2017 Corruption Perceptions Index – which ranks 180 nations and territories by the perceived level of public sector corruption according to experts and businesspeople – TI says the region has made progress but cannot rest on its laurels.
"In the last few years, Latin America and the Caribbean made great strides in the fight against corruption. Laws and mechanisms exist to curb corruption, while legal investigations are advancing and citizen anti-corruption movements are growing in many countries across the region," the report states.
Recent scandals, such as the one involving Brazilian construction giant Odebrecht, which made illicit payments to public officials all over the region, have produced positive fallout. Awareness of corruption involving civil servants and its impact has increased.
However, TI said anti-corruption efforts have weakened and that governments must up their game in terms of building stronger institutions and implementing effective public policies.
This year is seen as a window of opportunity as key economies Brazil, Mexico and Colombia prepare to choose new presidents.
TI said: "This is a crucial election year in several countries in Latin America and the Caribbean. Candidates and political parties have an important opportunity to include strong anti-corruption components in their electoral proposals and platforms to promote structural change. To truly improve anti-corruption efforts in Latin America and the Caribbean, governments must foster political will and demonstrate a sustained long-term commitment to anti-corruption reforms."
Latin America is not alone in terms of reducing the intensity of its anti-corruption fight. According to TI, the "majority of countries are making little or no progress in ending corruption."
The index uses a scale of 0-100, where zero is highly corrupt and 100 is very clean. New Zealand (89) ranks the highest and Somalia (9) ranks lowest.
Switzerland, while described by international advocacy group Tax Justice Network as the "grandfather of the world's tax havens," was ranked joint third with Finland and Norway.
LATIN AMERICA'S TOP FIVE
No.1 - Uruguay
Diminutive Uruguay was ranked the cleanest in terms of public sector corruption in the region, scoring 70. The score has been trending down since 2012.
No. 2 - Barbados
The Caribbean nation scored 68, up from 61 in 2016 but down from 76 in 2012. This year the country was removed the EU's blacklist of non-compliant tax havens after European officials assessed a series of commitments it had made to boost transparency.
No. 3 - Chile
Seen as one of the region's least corrupt nations, Chile scored 67, up from 66 in 2016 but down from 72 in 2012.
No. 4 - Bahamas
The country scored 65, the lowest since 2012.
No. 5 - Costa Rica
The Central American nation completes the ranking of the region's five cleanest countries, scoring 59, its highest since 2012.
HOW THE NATIONS THAT MAKE UP THE AMERICAS RANKED OVERALL
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Bahamas)
Why the Bahamas is a top investment destination
BNamericas talked with Barry Griffin, a lawyer at Sovereign Advisors, about investing in the Bahamas and infrastructure opportunities.
Caribbean set 'to feel the first pinch' in G7's proposed global tax regime
Lawyers at Bahamian legal firm Parris Whittaker expect Caribbean territories like the Cayman Islands, British Virgin Islands and The Bahamas to be ...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: La Punilla multi-purpose hydroelectric complex (Punilla reservoir)
- Current stage:
- Updated:
2 days ago
- Project: Horizonte wind farm
- Current stage:
- Updated:
1 day ago
- Project: Los Humeros III - Phase B geothermal project
- Current stage:
- Updated:
1 day ago
- Project: Batolio Photovoltaic Plant
- Current stage:
- Updated:
1 day ago
- Project: Morovis Solar project
- Current stage:
- Updated:
1 day ago
- Project: Kuara photocoltaic complex (Phase 1 - Stage 1)
- Current stage:
- Updated:
1 day ago
- Project: Upgrade of the Philip S.W. Goldson Highway (Fifth Road)
- Current stage:
- Updated:
2 days ago
- Project: Modernization of Five Generating Units of the Belisario Domínguez Hydroelectric Plant (Angostura)
- Current stage:
- Updated:
1 day ago
- Project: Víctor Ramos Guardia High Complexity Hospital
- Current stage:
- Updated:
2 days ago
- Project: Aroeira 5 wind farm (Aroeira wind complex)
- Current stage:
- Updated:
1 day ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Nexans USA Inc.
- Company: Consorcio Unión
- Company: Constructora Heisecke S.A.  (Constructora Heisecke)
-
Paraguay's Constructora Heisecke S.A. is a construction company focused on the construction of sanitation projects, roads, ports and buildings, for both the private and public s...
- Company: Strabag SpA / Züblin International GmbH Chile Spa  (Strabag / Züblin Chile)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: CDD Construcciones S.A.  (CDD Construcciones)
-
The Paraguayan firm CDD Construcciones S.A., founded in 1984 in Asunción, is engaged in civil, road, sanitation, hydraulic and port infrastructure and engineering projects. In t...
- Company: Solarig Chile Energías y Servicios SPA  (Solarig Chile Energías y Servicios)
-
The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Consorcio Vías Colombia 065