Rampant corruption has become main investment obstacle: KPK

Rampant corruption has become main investment obstacle: KPK

Corruption Eradication Commission (KPK) deputy chairman Laode M Syarif (right) and the Regional Advisor of the United Nations Office on Drugs and Crime (UNODC) Francesco Checci (left) at KPK building, Jakarta, Tuesday. (24/9/2019). (ANTARA/Benardy Ferdiansyah/AK).

Whether eradicating corruption can indeed damage the investment climate, has also been discussed at this meeting. They even provided data from the 2019 World Economic Forum
Jakarta (ANTARA) - Rampant corruption in Indonesia has become the main obstacle to investment, Corruption Eradication Commission (KPK) Deputy Chairman Laode M Syarif stated a press conference in the KPK building, Jakarta, Tuesday. "Whether eradicating corruption can indeed damage the investment climate, has also been discussed at this meeting. They even provided data from the 2019 World Economic Forum," Syarif said.

He made this revelation after a meeting with the Regional Advisor of the United Nations Office on Drugs and Crime (UNODC) Francesco Checci.

"So, Indonesia's investment barriers are corruption, bureaucratic inefficiency, lack of access to finance, inadequate infrastructure, policy instability, government instability, tax ratio and so on," Syarif said.

Therefore, it is surprising to say that eradicating corruption is considered as an issue that is hampering investment, he said.

"The World Economic Forum clearly says that investment barriers in Indonesia, which rank number one, is the rise of corruption in the country," Syarif remarked.

Syarif also explained the impact of the dangers of corruption that could occur for countries.

"Destroying democracy, breaking down the law, reducing the quality of life of sustainable development and even violating human rights, the next is causing other crimes to develop and finally hurting the poor," Syarif said. (INE)

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