Somalia ranked most corrupt nation in the world

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Somalia ranked most corrupt nation in the world

MOGADISHU, Somalia – Somalia’s federal government has been ranked as one of the most corrupt nations in the world, which could provide an opportunity to criticize the government of outgoing President Mohamed Abdullahi Farmaajo.

Over the past four years, Farmaajo has been accused of grand corruption, sometimes forcing members of the international community to call for fiscal discipline in the Horn of Africa country.

Somalia’s budget is largely funded by members of the international community, who have lobbied for statebuilding in the country. For three decades, Somalia has been largely unstable.

According to figures published by Transparency International, the corruption index fell from 10 points in 2016 when Hassan Sheikh Mohamud was in charge to 12 points in 2020 under the reign of Mohamed Abdullahi Farmaajo.

Transparency International says the country’s corruption ranking increased from 176 fr in 2016 to 179 in 2020, once again demonstrating the lack of fiscal discipline in the country. Government institutions have been linked with the loss of public resources.

In 2020, the United States temporarily stopped funding the Somali National Army [SNA], citing several cases of theft. However, the military has since adopted biometric identification of personnel, making it easier to detect fraudulent payments.

During the review period in 2016, adds the African Development Bank, Somalia’s exports increased from $ 632 million in 2016 to $ 133 million. Gross domestic product also declined from 3.7 in 2016 to 1.5 in 2020.

Hence, this means that Somalia is also one of the poorest countries in the world, with most citizens living on less than a dollar a day. The country is also grappling with calamities such as drought and famine as well as the threat of Al-Shabaab.

The World Bank has defined extreme poverty as people living on less than $ 1.90 per day, measured using the international poverty line. The country has been placed in this category, further showing how the economy has declined over the years.

In Somalia, despite an increase in public revenue of 243% compared to 2012-2016 to 2017-2020 [past administration to current administration period]Extreme poverty fell from 59% in 2016 to 63% in 2021. This is mainly due to double taxation and the lack of government-supported projects and job creation programs.

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