Corruption Perceptions Index 2024: A synopsis

Transparency International ("TI") just released the latest instalment of its Corruption Perceptions Index ("CPI") 2024. Many businesses and professional advisors will appreciate the value of the CPI; its purpose is to provide a comparative guide as to the level of public sector corruption perceived in each (and every) nation. This can be an incredibly useful tool for businesses in navigating foreign ventures and investments, and helps in mitigating both legal and reputational risks.

This article provides a short summary of the CPI 2024, setting out some of the biggest moves in the rankings and potential reasoning. A core focus of the report this year is the climate crisis, and how the absence of transparency and accountability inherent in corrupt nations, pose greater challenges to climate action: in the words of TI, corruption and the climate crisis are "strongly intertwined."

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