Sunday 9 December 2012

GCC must tackle the transparency challenge | GulfNews.com

Sadly, all Gulf Cooperation Council (GCC) countries except for the UAE suffered a drop in ranking in the recently released 2012 version of the Corruption Perceptions Index (CPI). Berlin-based Transparency International issues the annual report by ranking countries, this time a total of 174 nations, based on perceived corruption.
The index is produced based on data generated from numerous surveys and assessments, in turn carried out by some 13 internationally renowned establishments, the World Bank, the World Economic Forum and The Economist Intelligence Unit, to name a few. These surveys and assessments look into matters such as bribery of public officials, kickbacks in public procurement and embezzlement of public funds — certainly serious matters.
Reviewed economies earn points on the basis of perceptions expressed by business and academic professionals concerning ways of doing business in various countries. The respondents, who include local and expatriate residents, provide views about possible corruptive practices involving public officials about winning business preferences such as contracts. This suggests that the report is not entirely objective as respondents express their perceptions subjectively.

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