CURRENT AFFAIRS

Detailed explanation-1: -Denmark, Finland, New Zealand, Norway, Singapore, and Sweden are perceived as the least corrupt nations in the world, ranking consistently high among international financial transparency, while the most apparently corrupt are Somalia (scoring 12), Syria and South Sudan (both scoring 13).

Detailed explanation-2: -In 2021 their Corruption Perceptions Index ranked the country in 85th place out of 180, on a scale where the lowest-ranked countries are perceived to have the most honest public sector. Various factors contribute to corruption, including officials siphoning money from government social welfare schemes.

Detailed explanation-3: -The all items CPI rose 2.3 percent in 2019. This was larger than the 2018 increase of 1.9 percent and the largest advance since the 3.0-percent rise in 2011. The index rose at a 1.8-percent average annual rate over the last 10 years.

Detailed explanation-4: -In the group’s Corruption Perceptions Index 2019, the Philippines scored 34 to land in the 113th spot – a decline of 14 places from its previous rank at 99 in 2018. The Philippines tied with five other countries namely El Salvador, Kazakhstan, Nepal, Eswatini, and Zambia.