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Former Guatemalan President Alvaro Colom and several of his former ministers were arrested on February 13, 2018 over a fraudulent bus transport contract. (Photo: Guatemalan Government)
Wednesday, February 28, 2018
Trade Talk

Latin America Corruption Worsens

Corruption worsens in Brazil, Mexico, Panama and Dominican Republic.

BY LATINVEX STAFF

Latin America – a region known for its widespread corruption – managed to deteriorate further during the past year, according to the latest Corruption Perceptions Index from Germany-based watchdog Transparency International.

Brazil and Mexico – Latin America’s top two economies – worsened their scores, as did another six countries in the region, including Panama and the Dominican Republic.

Only six countries improved, while another five remained the same.

Argentina improved the most, followed by Peru. Other countries that improved include Chile, Costa Rica, Ecuador and Venezuela.

Countries that kept their transparency score the same include Bolivia, Colombia, Cuba, Guatemala and Nicaragua.

Uruguay remains the most transparent country in Latin America, followed by Chile and Costa Rica, while Venezuela is the most corrupt, followed by Nicaragua and Guatemala. In the latter country, two former presidents -- Alvaro Colom and Otto Perez Molina -- are in jail on corruption charges. 

 

Corruption: Best & Worst
Ranked by transparency rank
LA Rk Gl Rk Country Score Ch
1 23 Uruguay 70 -1
2 26 Chile 67 1
3 38 Costa Rica 59 1
4 62 Cuba 47
5 85 Argentina 39 3
6 96 Brazil 37 -3
6 96 Colombia 37
6 96 Panama 37 -1
6 96 Peru 37 2
10 112 Bolivia 33
10 112 El Salvador 33 -3
12 117 Ecuador 32 1
13 135 Dom. Rep. 29 -2
13 135 Honduras 29 -1
13 135 Mexico 29 -1
13 135 Paraguay 29 -1
17 143 Guatemala 28
18 151 Nicaragua 26
19 169 Venezuela 18 1
Average 37.7 -0.2
LA Rk=Latin America rank
Gl Rk=Global rank
Ch: Change in score from 2016 index

 

 Sources: Corruption Perceptions Index 2017, Transparency International; Latinvex (change)

 

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