Foreign Aid: Money Down A Rat Hole?

 

 

CPI Index

 

 

” A few months ago I stumbled upon a nonprofit organization that publishes an annual corruption index. It’s called the Corruption Perceptions Index (CPI) and it measures the “perceived levels of public sector corruption in 176 countries/territories.” The CPI is published by Transparency International and their web address is: http://www.transparency.org. It should be noted that a score of 100 is perfect (i.e.; least corrupt) and a score of ‘one’ would indicate a high level of corruption.

At the bottom of the index (top of the table) are the two most corrupt regimes. They are Somalia which received $168 million and Afghanistan which received $2.3 billion. Together, these two nations received approximately $2.47 billion! The total given to all of the countries listed in the table approaches $9.0 billion. The U.S. issues approximately $50 billion a year in foreign aid with nearly 20% allocated to the countries in the table. In case you’re curious, the U.S. ranks 19th on the corruption index with a score of 73. The least corrupt nations according to the CPI are Denmark, Finland and New Zealand, each with a score of 90.”

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