Government Revenue Missing in Somalia

in Business Risk

A report by the United Nations Monitoring Group on Somalia reported that $7 out of every $10 in government revenue goes missing, a loss of 70 percent of all revenue. Back in 2009, the World Bank found that 68 percent of all government revenue went missing.

A famine in Somalia in 2011 that killed an estimated 100,000 people is believed to have been affected by government corruption, with aid being diverted by government officials and militias.

Up to 50 percent of all food aid delivered to Somalia is estimated to have been lost to corruption and theft.

Source:  Associated Press, “UN report cites massive corruption in Somali gov’t, says $7 of $10 in gov’t funds goes missing,” Washington Post, July 16, 2012.

Previous post:

Next post: