Corruption Index

Transparency International has released its 2010 Corruptions Index.  Chad ranks among the ten most corrupt countries in the world. Cameroon has made some progress — just a few years ago the country was at the bottom of the ratings — but is still mired in corruption.

Corruption was a problem in both Chad and Cameroon before Exxon began drilling. Organizations opposed to the World Bank’s involvement in the project warned that rampant corruption would certainly impact any poverty alleviation plans. They were right, but the World Bank knew this, too…which brings us back to the Bank’s crackdown on corruption. You can stop doing business with companies that bribe officials, but as long as those officials operate in a culture of impunity you’re not reducing corruption. 

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