The Role of Fiscal Policies in Addressing Corruption
Africa is widely considered among the world’s most corrupt places, a factor seen as contributing to the stunted development and impoverishment of many African states. Corruption in Africa has resulted in the loss of billions of dollars, thereby negatively impacting on domestic resources mobilisation efforts of developing countries. The fact that corruption is both a source and a facilitator of illicit financial flows makes it compounding. Dealing with corruption requires adequate financial resources. Based on the four cases discussed in this brief, there is an inverse relationship between financing anti-corruption efforts and CPI scores. African countries should divot resources towards the fight against corruption.