Google+ Followers

Sunday, 18 December 2011

gulfnews : Political challenges affect Bahrain rank

With a few exceptions, Bahrain's economy has suffered in its recent performance in international indices. Certainly, this is challenging, as the country continues to struggle to find a solution to the most serious political challenge since independence from Britain in 1971.
Only last week, Bahrain celebrated the 40th anniversary of its independence amidst an ongoing political crisis. The challenge emerged in mid-February, with demonstrators taking to the streets, calling for democratic changes in the kingdom. The demands included focusing on the formation of an elected government and a fully-empowered legislative body as well as equal opportunities for all.
Looking at positive developments, Bahrain was the only Gulf Cooperation Council (GCC) country that succeeded in improving its ranking in the 2011 version of Corruption Perceptions Index (CPI). The kingdom advanced by two notches to arrive at position 46 globally, behind fellow GCC states of Qatar and the UAE. Transparency International issues the annual CPI ranking countries based on perceived or known corrupt practices when it comes to winning business favours.