Corruption undermines economic development in Africa
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trillions of dollars lost to corruption in Africa: UNODC
Corruption continues to be a major problem around the world with billions of dollars lost to it every year.
In fact, the World Bank estimates that $1 trillion is lost to corruption each year.
According to a study released by the UN Office on Drugs and Crime (UNODC) about $1.6 trillion may have been laundered in 2009 alone.
The report was issued in Marrakesh, Morocco, during a weeklong conference to tackle this problem.
Oliver Stolpe, Crime Prevention and Criminal Justice Officer at UNODC who is attending the conference, told Anne Thomas how bad the scourge of corruption is in Africa.
Duration: 2'58"
Filed under Today's Features.
