- Global Bribery Risk Matrix is released by the anti-bribery standard-setting organization TRACE International.
- This year, out of 194 countries, India has been ranked at 77th rank, one rank higher than the last year.
- In 2019, India’s rank stood 78 position with a score of 48 while in 2020 the country was ranked 77 with a score of 45, the data showed.
- The index ranks the countries based on four factors: 1. Business interactions with government, 2. Anti-bribery deterrence and enforcement, 3. Government and civil service transparency, and 4. Capacity for civil society oversight.
- The index assigns scores to the countries on a scale of 1 to 100 on each factor. The higher the score the higher is the risk of bribery.
- The top rank in the list is held by Denmark, Norway, Finland, Sweden, and New Zealand, while North Korea, Turkmenistan, South Sudan, Venezuela, and Eritrea are at the bottom.
- For compiling the index, TRACE uses data obtained from public interest and international organizations including the United Nations, World Bank, and World Economic Forum among others.
- India ranks better than its neighbors on the index. Pakistan is ranked 153rd; Nepal 107th; and China 126th. However, Bhutan has been ranked above India at the 48th position on the index.
TRACE Bribery Risk Matrix
- The TRACE Bribery Risk Matrix measures the likelihood of bribe demands in 194 countries.
- It was originally published in the year 2014 for meeting the needs in the business community for more reliable, information about the risks of commercial bribery across the world.