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TRACE BRIBERY RISK MATRIX

Written by Talent KAS

Related Topic in KAS Prelims Syllabus:

Public Administration and Governance [Paper-I]: Public Policy and Governance, Principles of Administrative Law

News

TRACE International has released Trace Bribery Risk Matrix 2019.

What is TRACE Bribery Risk Matrix?

  • It measures bribery risks that a business organisation may encounter in 200 countries, territories, and autonomous and semi-autonomous regions.
  • The overall country risk score is a combined and weighted score of four domains: Business Interactions with Government; Anti-Bribery Deterrence and Enforcement; Government and Civil Service Transparency; and Capacity for Civil Society Oversight, including the role of the media.
  • If a country gets a higher score it means it is in a higher risk of business bribery.
  • The TRACE Matrix was originally developed in 2014 in collaboration with RAND Corporation.
  • It is updated annually by TRACE.
  • The matrix provides multi-dimensional, actionable insights about business bribery risk that can be used by companies to develop more targeted compliance procedures.

Key Highlights

  • With a total risk score of 48, India is ranked higher than neighbouring China whose score is 59.
  • Apart from India, Azerbaijan, Ghana, the Bahamas, Panama, Samoa and Thailand, also have a score of 48 in the matrix.
  • Among the BRICS nations, South Africa is ahead of other countries with a score of 42.
  • The scores of Brazil and Russian Federation are 53 and 55, respectively.
  • Somalia, South Sudan, North Korea, Yemen and Venezuela presented the highest risk of bribe demands.
  • New Zealand, Norway, Denmark, Sweden and Finland presented the lowest bribery risk.
[Source: The Hindu, traceinternational.org]

 

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Talent KAS