Hence, money lost to corruption is development denied to those most at risk of being left behind.
But corruption doesn’t only divert resources from development, it corrodes public trust in government institutions, undermines the rule of law, impairs the systems of checks and balances, and contributes to violence and insecurity.
Recent studies reveal that corruption and the impunity, injustice and inequality that it breeds, is one of the structural drivers of violent extremism that caused the death of nearly 30,000 people in 2015 alone, and cost nearly $90 billion to the global economy. A 2016 UNDP research points out the link between violent extremism and experiences or perceptions of injustice, corruption and systematic discrimination and political and economic marginalization. The “2015 Peace and Corruption” report also provides empirical evidence that beyond a certain threshold, there is a correlation between increasing levels of corruption and growing violence and conflict, measured by political instability,