In Colombia, corruption remains a persistent issue, despite recent attempts by the Santos government to address it. It is estimated that corruption costs the country $4.2 billion per annum; with bribery being so pervasive that it is viewed as a formality when conducting business. The ‘contract carousel’ and PetroTiger scandals are examples of the inefficiencies in the current legislation, as well as the endemic issue of collusion between the public and private sectors.

Impact

  • In Colombia, corruption has permeated the state at the highest level. Despite the Mayor of Bogotá being considered the second most powerful position in Colombia, it too is not immune to the issues, and has been embroiled in some of the most high-profile corruption cases of the last decade. Bribery and corruption are certainly not limited to lower-level state actors.