Transparency International (TI) released its 2020 Corruption Perception Index (CPI) on 28 January 2021.TI has reported that, with an average score of 45, the Asia-Pacific region has struggled to combat corruption and tackle the health and economic impact of covid-19.
TI’s index continues to be an important gauge for assessing corruption risk, and is a helpful tool when doing business in the region. The 2020 CPI ranks 180 countries and territories by their perceived levels of public-sector corruption, according to experts and business people. The CPI uses a scale from zero (highly corrupt) to 100 (very clean). Companies should pay close attention to those countries and regions that score poorly on the index, and identify any compliance risks that may be previously undetected.
TI’s latest report highlights the impact of corruption on government responses to covid-19, comparing countries’ performance in the index to their investment in healthcare, and the extent to which democratic norms and institutions have been weakened during the pandemic.
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