Latest Thai survey shows worsening corruption, leads to calls for procurement reforms
( February 19, 2018, 05:55 GMT | Insight) -- Former Bank of Thailand Governor Prasarn Trairatvorakul said the latest corruption index released by the University of the Thai Chamber of Commerce and the Anti-Corruption Organization of Thailand indicates worsening corruption over the past three years, costing the country over 200 billion baht ($6.36 billion) in the past year alone, the Bangkok Post reports.Former Bank of Thailand Governor Prasarn Trairatvorakul said the latest corruption index released by the University of the Thai Chamber of Commerce and the Anti-Corruption Organization of Thailand indicates worsening corruption over the past three years, costing the country over 200 billion baht ($6.36 billion) in the past year alone, the Bangkok Post reports. He urged the government to reform state procurement procedures to do away with red tape and unnecessary regulations. The index surveyed 2,400 respondents in December 2017 and found that bribes and under-the-table payments to state officials accounted for 25 to 30 percent of the 676.4 billion baht state investment budget....
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