TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Worsening graft may discourage investment to Indonesia: OECD
Indonesia’s Corruption Perceptions Index (CPI) score was down by 3 points to 37 last year, marking the first decline since 2007. This may decrease investor confidence to the country.
Change Size
Corruption Eradication Commission (KPK) chairman Firli Bahuri names South Sulawesi Governor Nurdin Abdullah a bribery suspect in a press conference on Feb. 28, 2021. (Courtesy of/KPK)
Dzulfiqar Fathur Rahman
The Jakarta Post/Jakarta
Worsening corruption in Indonesia may decrease investor confidence and place a burden on business integrity in the country, the Organization for Economic Cooperation and Development (OECD) has warned.
The perception of corruption in the country’s public sector remains high compared to other countries, according to Andrea Goldstein, an OECD economist citing data from Transparency International’s Corruption Perceptions Index (CPI).
Indonesia’s CPI score dropped by 3 points to 37 last year, marking the first decline since 2007. A reading of zero indicates a country’s public sector is highly corrupt and 100 stands for very clean.
“Corruption is a tax on firms, individuals that follow business integrity standards,” Goldstein said in a virtual event on March 18. “So it is a tax that should be removed. The wrong kind of tax.”
Read also: Indonesia drops in graft index for first time in Jokowi presidency
