International Anti-Corruption Day Current Affairs - 2020

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December 9: International Anti-Corruption Day

The International Day of Anti-Corruption is marked by the United Nations every year on December 9 since 2003. This year the day is being marked by the organization all over the world on the following theme

Theme: United Against Corruption

The 2030 Agenda forms the backbone of the campaign.

Sustainable Development Goal

Ending corruption is important to achieve SDG 16 and 17. The SDG 16 insists on “Promote peace, justice and strong institutions”. It insists on anti-corruption targets. the goal 16.4, insists on reducing illicit financial and arms flow. The Goal 16.5 insists on reducing bribery on all forms and 16.6 says that it is essential to create transparent institutions at all levels.

Significance

According to the United Nations, every year 1 trillion USD is paid as bribe and 2.6 trillion USD is stolen annually. It is more than 5% of global GDP. The United Nations Development Programme says that the funds lost to corruption are 10 times the amount spent in official development assistance.

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International Anti-Corruption Day observed on December 9

International Anti-Corruption Day (IACD) is observed every year across world on December 9 to raise public awareness of corruption and what people can do to fight it. Observance of this day aims to promote and strengthen measures to prevent and combat corruption more efficiently and effectively. It also highlights role of United Nations Convention against Corruption in combating and preventing it.

Corruption

Corruption is serious societal crime that undermines social and economic development in all societies. No country, region or community is immune from corruption. According to United Nations Development Programme (UNDP), every year $1 trillion is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5% of global GDP. In developing countries, funds lost to corruption are estimated at 10 times amount of official development assistance.

Background

International Anti-Corruption Day was instituted by UN General Assembly (UNGA) by passing resolution 58/4 of October 31, 2003. It was adopted to raise people’s awareness of corruption and role of United Nations Convention against Corruption (UNCAC) in combating and preventing it. The UNCAC is the first legally binding, international anti-corruption instrument that provides a chance to mount a global response to corruption.

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