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This is the World Bank's blog on governance and anti-corruption. It aims at providing a space for debate and knowledge sharing on this critical field of development. | Learn more...

January 2008

Oil and Corruption in Alaska: Hotel Baranoff Suite 604

Submitted by Edouard on Wed, 2008-01-09 18:42

Oil and Corruption in Alaska

The cost of corruption

1 trillion
A conservative estimate, in US dollars, of actual bribes paid worldwide in both developed and developing countries, according to the World Bank Institute. The figure uses 2001-02 economic data and excludes embezzlement of public funds and theft of public assets.
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