February 25, 2026 10:54 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Supreme Court's big move over Bengal SIR! Odisha, Jharkhand judicial officers allowed to complete revision process | ‘Kerala lives in harmony, film’s portrayal wrong’: Kerala High Court raps Kerala Story sequel makers | AI panic hits IT giants: Infosys, TCS, Wipro lead massive market rout as stocks sink to alarming lows | ‘No systemic risk’: Sanjay Malhotra breaks silence on ₹590 crore IDFC First Bank Limited fraud | India urges all nationals to leave Iran 'by available means' as US-Iran tension grows | India shines at BAFTA! All you need to know about Manipuri film Boong that stunned global cinema | Mamata Banerjee’s former right-hand man and ex-Railway Minister Mukul Roy dies after prolonged illness | Rahul Gandhi slams Modi as ‘compromised’, says PM can’t renegotiate India-US trade deal | Terror alert in Delhi: LeT may target Chandni Chowk with IED, say reports | US Supreme Court shocks Donald Trump on tariffs — but India may still end up paying more

The costs of corruption: values, economic development under assault, trillions lost, says Guterres

| @indiablooms | Dec 09, 2018, at 05:22 pm

New York, Dec 9 (IBNS): Every year, trillions of dollars - equivalent to more than five percent of global GDP - are paid in bribes or stolen through corruption, the United Nations reported on the International Day which serves to highlight the pervasive crime, marked this Sunday.

Secretary-General António Guterres deemed corruption “an assault on the values of the United Nations,” in a message on International Anti-Corruption Day, which is marked each 9 December.

He said that "it robs societies of schools, hospitals and other vital services, drives away foreign investment and strips nations of their natural resources,” he said.

One trillion dollars are paid in bribes annually, while another 2.6 trillion are stolen; all due to corruption.

The United Nations is fighting the global scourge, which affects both rich and poor countries, through initiatives like the global campaign launched jointly by the UN Development Programme (UNDP) and the UN Office on Drugs and Crime (UNODC).

The campaign recognizes corruption as one of the biggest impediments to achieving the SDGs, or 2030 Sustainable Development Goals agreed by all nations of the world in 2015, to advance the whole of humankind. And to counter that pernicious reality, the campaign is asking communities to use the Anti-Corruption logo during related events, and highlight community actions related to the Day on social platforms by using the hashtag #UnitedAgainstCorruption and tagging @UNDP, @UNODC.

Government officials, civil society, the private sector, and anti-corruption advocates can reference the campaign’s “Call to Action Matrix,” which offers recommendations for strategies to stand against corruption.

Additionally, the United Nations Convention against Corruption, adopted in 2003, exists as the only legally-binding, universal anti-corruption instrument.

Its far-reaching approach covers the full spectrum of corruption, and a vast majority of Member States, 186, are parties to the Convention.

Guterres called the Convention a “primary tool” for advancing the fight, and highlighted the positive outcomes made possible through its implementation.

“Through the Convention's peer review mechanism, we can work together to build a foundation of trust and accountability,” said the UN chief.

World Bank/Philip Schuler

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.