An article in today's SudQuotidien expressed public concern over Senegal's drop on the 2008 "corruption index" produced by Transparency International. Although Senegal is not among the most corrupt on the index, its position fell considerably on the 2008 index...
Construction companies and public works of major exporting countries in Senegal "are identified as most likely to pay bribes to the authorities of host countries," according to the 2008 corruption index. One way to understand the increase in "pots-de-vin" (bribes) is the source of bribes. Transparency International also indexed the countries with the companies most likely to offer bribes. The worst, in order, were Russia, China, Mexico and India.
Senegal does significant business with both China and India. China is engaged in major infrastructure projects, especially around Touba. As we have noted before, India's trade with Senegal has skyrocked in the last five years to lead all others.
The solution Transparency International recommends is, naturally, transparency. Major bidding processes and results should be made public. It cited recent mining deals as an example.
The SudQuotidien article calls increasing corruption a "trap." Rightly so. The well known corrolary to the corruption index is the poverty index--the more corruption, the less likely that a country will develop economically.
Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Monday, December 15, 2008
Sunday, April 13, 2008
President Wade on Senegal-India trade
Some important excerpts from the speech of President Wade in India, April 8, 2008
"It is much significant to note that trade between India and West Africa have tripled in the 2002-2007 period. That makes India the first partner of Senegal in our exports."
"The bilateral cooperation between India and Senegal is certainly among others an example of what we can achieve based on our complementarities. The Senegalese – Indian partnership covers in fact areas as various as agriculture with our national program of self sufficiency in rice, chemical industries from Senegal’s phosphates, vehicle assembly and the exploitation of iron ore."
"Furthermore the Export Import Bank of India just opened a 2nd office in Dakar after the one in Johannesburg. An institutional frame work like TEAM 9 and its credit line also shows through its concrete achievements the innovating South-south cooperation model India and Africa can develop durably by creating a "value added" compared to classical forms of cooperation."
"It is much significant to note that trade between India and West Africa have tripled in the 2002-2007 period. That makes India the first partner of Senegal in our exports."
"The bilateral cooperation between India and Senegal is certainly among others an example of what we can achieve based on our complementarities. The Senegalese – Indian partnership covers in fact areas as various as agriculture with our national program of self sufficiency in rice, chemical industries from Senegal’s phosphates, vehicle assembly and the exploitation of iron ore."
"Furthermore the Export Import Bank of India just opened a 2nd office in Dakar after the one in Johannesburg. An institutional frame work like TEAM 9 and its credit line also shows through its concrete achievements the innovating South-south cooperation model India and Africa can develop durably by creating a "value added" compared to classical forms of cooperation."
Subscribe to:
Posts (Atom)
