Post Tagged with: "Corruption"

Corruption Costs Peru $3.57 Billion Per Year – Official

Corruption Costs Peru $3.57 Billion Per Year – Official

Corruption in Peru is costing the Andean country approximately $3.57 billion per year, according to estimates given yesterday by the Comptroller General, Fuad Khoury. Khoury said that the annual losses caused by corruption are equivalent to about 2 percent of Peru’s gross domestic product. “Peru is a young country, strong […]

Peruvians Say Corruption Is the Same or Worse in Past Two Years

Corruption in Peru remains deeply entrenched in state institutions and there is little sign that it has improved since President Ollanta Humala took office, according to a survey of citizens in the Andean countr,y recently released by global watchdog Transparency International. According to the survey, 86 percent of Peruvians said […]

Peru’s Economy Could Grow Faster if Corruption Curbed – Former Prosecutor

Peru’s Economy Could Grow Faster if Corruption Curbed – Former Prosecutor

Economic growth in Peru, one of Latin America’s fastest-growing nations, could be much higher if officials curbed corruption, said Ivan Montoya, a former prosecutor. “If we have better controls of corruption, much less corruption, our levels of growth would be much higher, as well as the rates of investment would […]

Corruption Holding Peru Back from Being a Developed Country – Comptroller General

Peru’s red-hot economic growth might not be enough to lift the country out of its underdevelopment status, as corruption is draining it of the economic gains, Comptroller General Fuad Khoury said Tuesday. “The economic losses from corruption are stopping development,” said Khoury, according to state news agency Andina. “They are […]