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Bribery Risk Matrix 2021: TRACE

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.