The economic impact of corruption in Mexico is alarming, as it is equivalent to more than 500 billion pesos annually, recalled the Mexican chapter of the International Chamber of Commerce (ICC Mexico).
Based on data from Inegi, the organization indicated that this amount represents approximately 5% of GDP.
“Corruption not only distorts markets, but also undermines the rule of law and irreversibly damages democratic institutions, also generating serious damage to the economy,” he stated in a statement regarding International Anti-Corruption Day.
He added that Transparency International’s 2022 Corruption Perception Index placed Mexico in 124th place out of 180 countries, with a score of 43 out of 100.
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Additionally, the World Justice Project (WJP) 2023 Rule of Law Index ranked the country 115th out of 142 nations, highlighting persistent challenges in areas such as justice, impunity and governance.
“These figures show a decrease in the perception of the fight against corruption in the country during the last decade,” he stated.
He asserted that this “devastating impact” requires a coordinated response between society, companies and the government because corruption can only be defeated with the close collaboration of everyone.
The organization asked business leaders to renew their internal controls through the development and implementation of effective compliance programs, and to use technological tools that allow them to prevent and detect corrupt behavior.
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“ICC México maintains that the private sector has a central role in this fight because as part of the problem, we must also be an active part of the solution,” he stated.
He considered that a transparent economic system with honest companies is key to sustainable development.
For this reason, he said that it is desirable to establish minimum planning and transparency requirements in infrastructure projects, making the processes public through platforms such as Compranet, which not only strengthens accountability, but also promotes fair and equitable competitiveness.
“The fight against corruption is a challenge that requires a change in mentality, where honesty and responsibility are rewarded, instead of dishonesty and abuse,” he noted.
The Mexican chapter of the chamber was founded in 1945 with the purpose of linking local business with the international community represented in the ICC.
Currently the ICC has a network of more than 45 million companies, chambers of commerce and business associations in more than 130 countries.
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