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*Zimbabwe Losing US$1 Billion Annually To Corruption - ZIMCODD* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ao The Zimbabwe Coalition on Debt and Development (ZIMCODD) says Zimbabwe is losing at least $1 billion annually to corruption. In a statement commemorating the 20th anniversary of International Anti-Corruption Day (9 December 2022), ZIMCODD said corruption has exacerbated the hardships being experienced by Zimbabweans. It said: ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/263715068543 Calls: 0772464000 ---------- > Of key concern to our movement, corruption remains a cancer that exerts pressure on economic indicators thereby increasing inequality, poverty and derailing development outcomes. > In Zimbabwe, graft and impunity have worsened the plight of citizens to a level where hospitals have no supplies, education is a preserve of the rich, Illicit Financial Flows are high, the debt stock is rising and we are falling back on Sustainable Development Goals. > While commitments have been made over the last few decades to meaningfully reduce graft, especially by the 2nd Republic, the crisis continues due to a lack of integrity, especially in public office, impunity, and corporate greed amongst other factors. Besides the country losing at least $1 billion annually to corruption, ZIMCODD also said 82 percent of government spending has financial irregularities. It said Zimbabwe loses gold worth $1.5 billion per year due to smuggling. ZIMCODD said: > 54% of Zimbabweans in a study by Transparency International Zimbabwe noted that they had been asked to pay a bribe within the last 12 months while accessing a public service. ZIMCODD has recommended the capacitation of key anti-graft institutions and Parliament, the breaking of cartels that have captured the state, as well as imposing civil penalties for bribery, among others. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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