Kuwait’s Anti-Corruption Rankings Show Improvement in Financial Disclosures

Spread the love

Head of the Anti-Corruption Authority (Nazaha), Abdulaziz Al-Ibrahim, announced on Thursday that nearly 99.6 percent of individuals subject to the country’s financial disclosure regulations have complied with the requirements. This high level of compliance reflects Kuwait’s commitment to strengthening its anti-corruption protocols and improving its global rankings.

Speaking at Nazaha’s third forum, which commemorated the International Anti-Corruption Day to be celebrated on December ninth, Al-Ibrahim highlighted the successful implementation and enhancement of laws aimed at combating corruption in Kuwait. These new laws have contributed to promoting transparency and cracking down on corrupt practices, including the enactment of legislation to restrict conflicts of interest and amendments to the legislative elections law.

Kuwait’s efforts in combating corruption have been recognized by international organizations, leading to an improvement in its rankings. The country was awarded two additional points in the Corruption Perceptions Index, a global indicator of corruption levels. Kuwait’s impressive performance in the Middle East and North Africa (MENA) region earned it the second-place ranking according to the World Justice Project (WJP). Furthermore, Kuwait climbed eight ranks in the International Institute for Management Development (IMD) compared to its first year of membership.

The significance of Kuwait’s achievements in the fight against corruption was underscored by the presence of international organizations, government institutions, and private sector entities at the third forum. The United Nations Office on Drugs and Crime (UNODC) also sent a representative to participate in the event.

Kuwait’s commitment to combating corruption is evident in the high compliance rate with financial disclosure regulations. By ensuring that individuals adhere to these requirements, the country is taking a proactive stance in promoting transparency and accountability.

The introduction of new laws has played a crucial role in strengthening Kuwait’s anti-corruption framework. By restricting conflicts of interest, the government has taken a significant step towards preventing corruption in both public and private sectors. Additionally, amendments to the legislative elections law have further improved the integrity of the electoral process, ensuring fair representation and reducing the potential for corrupt practices.

These efforts have not gone unnoticed on the international stage. Kuwait’s improved rankings in the Corruption Perceptions Index, WJP, and IMD demonstrate the country’s commitment to combating corruption and promoting good governance. Such recognition encourages continued progress and motivates Kuwait to further enhance its anti-corruption measures.

The presence of international organizations, government institutions, and private sector entities at the third forum highlights the importance of collaboration in the fight against corruption. By exchanging ideas and best practices, Kuwait can learn from the experiences of others and further strengthen its anti-corruption strategies.

In conclusion, Kuwait’s anti-corruption efforts, as evidenced by the high compliance rate with financial disclosure regulations and the implementation of new laws, have yielded positive results. The country’s improved rankings in international indices reflect its commitment to combating corruption and promoting transparency. With continued dedication and collaboration, Kuwait is well-positioned to further strengthen its anti-corruption framework and serve as a model for other nations.

Source: KUNA

Source: TimesKuwait

Leave a Reply

Your email address will not be published. Required fields are marked *