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Anti-Corruption Day

December 9, 2019

 

Corruption is a serious crime present in all societies. The UN states on this day that “Corruption is a serious crime that can undermine social and economic development in all societies. No country, region or community is immune.”  It affects schools, hospitals and other vital services, and drives away foreign investment.

 

 

On October 31, 2003, the United Nations General Assembly adopted the United Nations Convention against Corruption. It designated December 9 as the International Anti-corruption Day in order to raise awareness against this scourge and  disseminate the valuable role of the Convention in combating and preventing it.

 

According to the World Economic Forum, an estimated $2.6 trillion are stolen annually through corruption (a sum equivalent to more than 5% of the global GDP), while $1 trillion is paid in bribes every year. 

 

 

Today, Malta hits newspapers’ headlines across the world, it is far from being spared by corruption. A background in figures: In 2017, Malta recorded GDP growth of almost 6%, more than double the average of  the rest of the EU, and enjoys full employment. In part, this is explained by the tourism sector boom, which accounts for 25% of its GDP. But the “Maltese economic miracle” is also drinking from other sources, and some are allegedly of dubious morality. 

 

According to mainstream local news papers, since the Labour Party came into power in 2013, the island is opened for business to Russians and Middle Eastern investors, whose source of wealth cannot be clearly vetted, the Malta passport scheme is also a controversial matter in the Maltese public opinion, and money laundering suspicions