Financial Crime World

Jamaica Losing Out on $100BN Annually to Corruption

A Stark Reality: Corruption is Stealing up to $100 Billion Annually from Jamaica

As Jamaica commemorates International Anti-Corruption Day under the theme “Your Right, Your Role: Say No to Corruption”, a disturbing reality has emerged - corruption is stealing up to $100 billion annually from the island, leaving millions of citizens to struggle with subpar services.

The Scourge of Corruption

The scourge of corruption has not only hindered economic growth but also placed an unsustainable burden on public servants, including police officers, teachers, and health workers. These dedicated individuals are forced to navigate a system plagued by inefficiencies, inadequate compensation, and unsatisfactory working conditions.

  • Lack of effective anti-corruption measures allows organized crime and corrupt elements to thrive
  • Undermines public trust and stifles innovation, entrepreneurship, and sustainable development

The Fight Against Corruption

In response, organizations such as the Jamaica Chamber of Commerce (JCC) and the Integrity Commission are renewing their commitment to fighting corruption. The JCC has launched initiatives to promote integrity in business, while the Integrity Commission is strengthening its framework for combating corruption.

  • “We recognize that corruption is an impediment to economic growth and development,” said Mr. Ian Neita, President of the JCC.
  • “Laws and technical solutions are insufficient if not addressed at a personal level,” said Jeanette Calder, Executive Director of the Jamaica Accountability Meter Portal. “Every Jamaican must recognize that integrity is doing the right thing even when no one is watching.”

Strengthening the Anti-Corruption Framework

The Integrity Commission Team, comprising the Auditor General and four other Commissioners, including retired Judges of the Court of Appeal or Supreme Court, is working to strengthen Jamaica’s anti-corruption framework.

  • “Every tax dollar must count,” said Calder. “Every opportunity to maximize the value of that dollar must drive decisions in every ministry, department, and agency.”

A Call to Action

As Jamaica seeks to revamp its image and become a first-world country, it is crucial that citizens, businesses, and government agencies work together to prevent, detect, and punish corruption. The time has come for Jamaicans to take ownership of this fight and demand accountability from those who have been entrusted with public resources.

Join the Fight Against Corruption

As Jamaica commemorates International Anti-Corruption Day, let us recognize the devastating impact of corruption on our economy, public services, and quality of life. Let us work together to build a more transparent, accountable, and just society for all Jamaicans.