Joint media release by TIGI and Private Sector Commission

Issued by Transparency Institute of Guyana Inc.



The Private Sector Commission (PSC) and the national contact of Transparency International (TI) - Transparency Institute of Guyana Inc. (TIGI) met recently at the request of the PSC to discuss the PSC’s concerns about the low ranking of Guyana on TI’s 2012 Annual Corruption Perceptions Index (CPI. TIGI explained that the CPI is a TI global research initiative that ranks countries and territories based on how corrupt their public sector is perceived to be and has been credited with putting corruption on the international policy agenda. TIGI also highlighted that apart from the CPI Guyana is ranked poorly on corruption in a number of other indices from reputable international organizations.

TIGI presented information on the civil society body, its directors, its mandate, the work it does and intends to do. TIGI discussed its eleven point plan for tackling corruption and improving accountability and transparency in Guyana, which was issued at its press release in December announcing the results of the CPI. TIGI expressed the view that if its proposed eleven point plan is implemented then Guyana’s ranking would surely improve on the CPI.  

The PSC expressed concern about the low ranking that Guyana received and its negative impact on business and investment and that, in its view, it was exaggerated. The PSC expressed further concern that the CPI is based on perceptions and not reality, and the methodology used may not be appropriate. TIGI clarified that absolute levels of corruption are difficult to measure since corruption generally comprises illegal activities, which are deliberately hidden and only come to light through scandals, investigations or prosecutions and that the best available substitute measure is the CPI and has been relied upon by most countries and international institutions as an important guide to assessing levels of corruption in a country. Most countries accept the CPI as the best available measure for corruption and readily commit to improving their countries standing.

Both organisations agreed that the perception of corruption of Guyana is too important to be ignored and negatively impacts on business and investment. The PSC agreed with a number of the points in TIGI’s eleven point plan and offered to collaborate on the following.

Both parties agreed that as key stakeholders it was important that the PSC and TIGI collaborate their efforts aimed at eradicating corruption in Guyana and meet regularly to discuss progress as well matters of mutual interest.

 

 


For any press enquiries please contact

Gino Peter Persaud
T: (592)-231-9586
E: .(JavaScript must be enabled to view this email address)

Latest

Support Transparency International

Risk of impunity increases with outcome of Portuguese-Angolan corruption trial

A verdict last week by the Lisbon Court of Appeals in the trial of former Angolan vice president Manuel Vicente has disappointed hopes for a triumph of legal due process over politics and impunity. It also has worrying implications for the independence of Portugal’s judiciary.

The UK just made it harder for the corrupt to hide their wealth offshore

If counted together, the United Kingdom and its Overseas Territories and Crown dependencies would rank worst in the world for financial secrecy. Fortunately, this could soon change.

The new IMF anti-corruption framework: 3 things we’ll be looking for a year from now

Last Sunday, the International Monetary Fund (IMF) unveiled its long-awaited framework for “enhanced” engagement with countries on corruption and governance issues. Here are three aspects we at Transparency International will be looking at closely in coming months as the new policy is rolled out.

While the G20 drags its feet, the corrupt continue to benefit from anonymous company ownership

The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can't always be traced back to you.

Urging leaders to act against corruption in the Americas

The hot topic at the 2018 Summit of the Americas is how governments can combat corruption at the highest levels across North and South America.

The impact of land corruption on women: insights from Africa

As part of International Women’s Day, Transparency International is launching the Women, Land and Corruption resource book. This is a collection of unique articles and research findings that describe and analyse the prevalence of land corruption in Africa – and its disproportionate effect on women – presented together with innovative responses from organisations across the continent.

Passport dealers of Europe: navigating the Golden Visa market

Coast or mountains? Real estate or business investment? Want your money back in five years? If you're rich, there are an array of options for European ‘Golden Visas’ at your fingertips, each granting EU residence or citizenship rights.

Social Media

Follow us on Social Media