Bribery Risk Matrix 2021:
Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation.
- It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.
- It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of commercial bribery worldwide.
- It aggregates relevant data obtained from leading public interest and international organisations, including the United Nations, World Bank, V-Dem Institute at the University of Gothenburg and World Economic Forum.
- Calculation Methods: Score is calculated on the basis of four factors:
- Enforcement and anti-bribery deterrence.
- Business interactions with the government.
- Government and civil service transparency.
- Capacity for civil society oversight which includes the media’s role.
Performance of the Countries:
- India has slipped to 82nd position in 2021, five places down from 77th rank last year.
- In 2020, India ranked 77 with a score of 45 while this year, the country stood at 82nd position with a score of 44.
- India fared better than its neighbours – Pakistan, China, Nepal and Bangladesh. Bhutan, meanwhile, secured 62nd rank.
- World: North Korea, Turkmenistan, Venezuela and Eritrea pose the highest commercial bribery risk, while Denmark, Norway, Finland, Sweden and New Zealand present the lowest.
- Over the past five years, the business bribery risk environment in the United States worsened significantly when compared with global trends.
- From 2020 to 2021, all of the Gulf Cooperation Council (GCC) countries saw an increase in commercial bribery risk.