anti-corruption

Corruption costs the global economy approximately US$2.6 trillion, or 5 percent of global GDP, each year. Corruption, together with tax evasion and illicit financial flows, costs developing countries approximately US$1.26 trillion each year.[*]

Minister for Justice and Border Control, David Adeang, has delivered a speech as head of the Nauru delegation to the 7th conference of state parties in Vienna, Switzerland.

Mr Adeang said Nauru is committed to assisting global and domestic efforts to address the scourge of corruption.

“Since Nauru became a state party to the convention, we have participated in country reviews, one of which was our own for each year. This reflects our commitment as a state party to the goals of the convention,” he told the UN.