Philippines remains at ‘medium’ risk to corruption – GRP

MANILA, Philippines — The Philippines remains at “medium” risk to corruption, based on a report released by the Global Risk Profile (GRP), a leading Swiss-based company specializing in third-party risk management.

Out of 196 countries and territories in the 2022 Global Corruption Index (GCI), the country ranked 105th, down from 102nd in 2021.

The GCI measures the state of corruption and white collar crimes around the world.

The Philippines received an overall risk score of 47.95, slightly higher than last year’s 46.96.

It ranked 111th in 2020, 101st in 2019 and 108th in 2018.

The Philippines lagged behind some of its neighbors in Southeast Asia, including Singapore (13th), Malaysia (49th), Brunei (70th), Indonesia (98th) and Thailand (101st).

It was ahead of Timor-Leste (114th), Vietnam (131st), Laos (174th), Cambodia (175th) and Myanmar (177th).

The Top 10 “very low” risk countries to corruption are Norway, Finland, Sweden, Denmark, Estonia, New Zealand, Netherlands, Iceland, Australia and Ireland.

Countries classified as “very high” risk, on the other hand, are Afghanistan, Venezuela, Equatorial Guinea, Libya, Eritrea, South Sudan, Yemen, Democratic Republic of the Congo, North Korea and Syria.