MP: Corruption costs Iran $34 billion a year

Business Materials 18 December 2011 15:44 (UTC +04:00)

Azerbaijan, Baku, Dec. 18 / Trend F.Milad/

Financial corruption cases have cost Iran some $34 billion in a single year, a member of the Iranian parliament quoted a Transparency International report as saying.

Of the figure, $31 billion is related to productivity decrease and $3 billion is related to the decline in foreign investment, Ahmad Tavakkoli said, the Mehr news agency reported.

Meanwhile, Transparency International's 2011 Corruption Perceptions Index shows that Iran has risen from 146th on the list of 183 countries to 120th in Corruption Perception Index 2011, showing a tremendous breakthrough in fighting corruption and advancing the good governance.

Transparency International is a global network including more than 90 locally established national chapters and chapters-in-formation. They bring together relevant players from government, civil society, business and the media to promote transparency in elections, in public administration, in procurement and in business.