Libya, Chad Score Poorly on Corruption Report
2004-10-21
The global watchdog group reported that corruption is crippling the battle against poverty and robbing oil-rich countries
Libya, Chad and other oil producers scored poorly in Transparency International's Corruption Perceptions Index for 2004, released Wednesday (20 October). The global watchdog group reported that corruption is crippling the battle against poverty and robbing oil-rich countries. "In these countries, public contracting in the oil sector is plagued by revenues vanishing into the pockets of oil executives, middlemen and local officials," said the group's chairman, Peter Eigen. He said oil companies could help stamp out corruption by publishing details of fees, royalties and other payments made to governments and state oil companies. Out of a top score of 10, indicating the lowest level of corruption, the survey gave Libya a score of 2.5, while Chad scored below 2. (Transparency International)
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy