Annual cost of bribery equals 2% of global GDP: IMF
The annual cost of bribery is estimated to be between $1.5 trillion and $2 trillion, roughly 2% of the global gross domestic product (GDP), International Monetary Fund chief Christine Lagarde has said. Adding that corruption undermines the ability of states to deliver inclusive growth and lift people out of poverty, Lagarde said corruption often starts from institutions charged with enforcement.