Cambodia ranked most corrupt country in ASEAN

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Cambodia corruptionCambodia has been ranked Southeast Asia’s most corrupt country, surpassing Laos and Burma on Transparency International’s recently published corruption index 2013. Cambodia ranked 160 of 175 countries in the report, with its index score a mere 20 out of 100. That is two points lower than 2012, marking the first year Cambodia has fared worse than its regional neighbours on the index.

The index is derived from surveys of perceived corruption by investors and others in the private sector concerning the public sector and is undertaken each year by a partnership of seven international institutions, including the World Bank and the World Economic Forum.

The least-corrupt countries worldwide were Denmark, New Zealand and Finland. In the region, Singapore was ranked fifth, Brunei 38th and Malaysia 53rd overall. Cambodia’s ranking comes despite the passage of an anti-corruption law and a specialized unit to tackle the problem.

This year’s lower ranking for Cambodia could be a result of the country’s post-election political crisis, which worries investors and erodes their trust, experts said. Cambodia consistently scores poorly on the annual global index.

Christine Lagarde, head of the International Monetary Fund, who visited Cambodia this week, told a group of students at a local university that Cambodia needs stronger institutions and governance. “It needs a better business climate, based on impartiality and predictability,” she said.

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Reading Time: 1 minute

Cambodia has been ranked Southeast Asia’s most corrupt country, surpassing Laos and Burma on Transparency International’s recently published corruption index 2013. Cambodia ranked 160 of 175 countries in the report, with its index score a mere 20 out of 100. That is two points lower than 2012, marking the first year Cambodia has fared worse than its regional neighbours on the index.

Reading Time: 1 minute

Cambodia corruptionCambodia has been ranked Southeast Asia’s most corrupt country, surpassing Laos and Burma on Transparency International’s recently published corruption index 2013. Cambodia ranked 160 of 175 countries in the report, with its index score a mere 20 out of 100. That is two points lower than 2012, marking the first year Cambodia has fared worse than its regional neighbours on the index.

The index is derived from surveys of perceived corruption by investors and others in the private sector concerning the public sector and is undertaken each year by a partnership of seven international institutions, including the World Bank and the World Economic Forum.

The least-corrupt countries worldwide were Denmark, New Zealand and Finland. In the region, Singapore was ranked fifth, Brunei 38th and Malaysia 53rd overall. Cambodia’s ranking comes despite the passage of an anti-corruption law and a specialized unit to tackle the problem.

This year’s lower ranking for Cambodia could be a result of the country’s post-election political crisis, which worries investors and erodes their trust, experts said. Cambodia consistently scores poorly on the annual global index.

Christine Lagarde, head of the International Monetary Fund, who visited Cambodia this week, told a group of students at a local university that Cambodia needs stronger institutions and governance. “It needs a better business climate, based on impartiality and predictability,” she said.

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