Did you know that businesses and individuals pay an estimated $1.5 trillion in bribes each year? This is about 2% of global GDP—and 10 times the value of overseas development assistance. Studies have consistently demonstrated that the poor pay the highest percentage of their income in bribes.
The World Bank Group considers Corruption a major challenge to its twin goals of ending extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries. We will be joining the IBA Anti-corruption Committee and @OECD at the #IBACorruption conference today. http://bit.ly/2rZbl8M
