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Economy

Corruption costs Colombia nearly $5B a year

by Natalie Dalton October 5, 2011
1.8K

colombia news - alejandro ordonez

Colombia’s Inspector General Alejandro Ordoñez has warned that corruption causes Colombia to lose approximately $4.7 billion dollars each year, reported newspaper El Espectador on Wednesday.

In the face of upcoming elections, the Public Ministry leader said that “the majority of municipialities and departments lack the instruments for political control and discipline” to ensure that commissions are not offered in exchange for votes.

He explained that “the municipal councils frequencly exercise their powers in an extorsive manner to authorize the hiring of mayors.”

Ordoñez estimated that 13% of the Colombian government’s money spent on hiring public officials is actually used to “pay favors.”

According to statistics from the Public Ministry, of the $36.5 billion spent on the matter roughly $4.7 billion are lost due to corruption, “while no one does anything” to address the issue.

The official concluded that “when corruption is present, democratic prosperity does not exist, and neither does democratic security.”

Alejandro Ordoñezcorruption

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Colombia News | Colombia Reports
  • News
    • General
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    • Science and Tech
  • Travel
    • General
    • Bogota
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@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top

Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion