Category : Press Release
Date : December 03, 2014
Agency : Investor Relations Office
Title : Corruption Perceived Declining in PH—Transparency International Report
Subtitle :
Article : Run by a government that espouses good governance, the Philippines has further improved its rank in this year’s global survey on corruption perception.

In the latest “Corruption Perceptions Index” report released today by Transparency International, the ranking of the Philippines improved further to 85th this year from 94th last year and 105th in 2012. There were 175 countries covered by the survey this year compared with 177 last year and 176 in 2012.

“This development recognizes the achievements of the Philippines in the area of governance. The BSP is one with the government in promoting transparency and accountability, taking these guiding principles strictly in the conduct of its regulatory role over the financial sector,” BSP Governor Amando Tetangco Jr. said.

The report showed that the Philippines got a score of 38, similar to the scores of countries such as India, Peru, and Thailand, with which the Philippines shares the same ranking of 85th.

Transparency International gives scores on corruption perception to countries based on results of surveys it conducts worldwide. The scores range from 1 (highly corrupt) to 100 (very clean).

Among Southeast Asian countries, the Philippines outperformed most neighbors, particularly Indonesia (107th), Vietnam (119th), Laos (145th), and Cambodia and Myanmar (tied at 156th). Malaysia ranked 50th, while Singapore ranked 7th.

The improvement in the Philippines’ ranking came with the Aquino administration’s sustained reform agenda, which includes transparency in the budget process and efforts to cleanse government agencies perceived to suffer from corruption.

According to the Transparency International , two-thirds of the countries scored below 50, indicating the need to further strengthen anti-corruption efforts across the globe.

Denmark, New Zealand, and Finland are perceived to be the Top 3 least corrupt countries, with scores of 92, 91, and 89, respectively.

On the other hand, Sudan, North Korea, and Somalia are perceived to be the most corrupt, with scores of 11, 8, and 8, respectively.

The improvement in the Philippines’ ranking in Transparency International’s Corruption Perception Index was consistent with the latest report by the World Bank Group on Worldwide Governance Indicators (WGI). In the World Bank’s report, the Philippines’ percentile rankings in 4 out of 6 governance indicators—“voice and accountability,” “political stability and absence of violence,” “rule of law” and “control of corruption” —improved further in 2013.

The biggest improvement was in the area of “control of corruption,” where the percentile ranking of the Philippines leaped from 33.5 to 43.5.

A percentile ranking indicates the percentage of countries that rank lower than the Philippines. There were over 200 countries and territories covered by the WGI report.