![]() This is an amount equivalent to more than five percent of the global gross domestic product (GDP). According to a 2018 United Nations study, $1 trillion is paid in bribes every year, while an estimated $2.6 trillion are stolen annually through corruption. It erodes the trust and confidence of citizens in their public institutions and puts an anchor around the neck of developing economies.Ĭorruption is an international problem that requires an international solution. Corruption’s impact on the quality of governance, security, and economic stability is well understood. Under the Biden Administration, the State Department is committed to preventing and combating corruption globally.
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