Corruption Risk in Mexican Federal Government Agencies Surges in 2022
In 2022, Mexican government agencies increased corruption risk by neglecting transparency & competition in public procurement, warns IMCO's Corruption Risk Index. The health sector among the least competitive. Urgent reforms needed to safeguard public funds & foster fair competition.
In 2022, alarming revelations emerged from the Mexican Institute for Competitiveness (IMCO) as it reported that seven out of 10 federal government agencies and entities increased their risk of corruption by failing to comply with transparency and competition provisions in public procurement. IMCO's Corruption Risk Index (IRC) saw significant spikes in risk scores for various entities, reflecting a concerning trend in Mexico's public procurement landscape.
The Corruption Risk Index (IRC)
The Corruption Risk Index (IRC) is a crucial tool used by IMCO to assess the risk of corruption in public procurement. Ranging from zero (no risk) to 100 (high probability of corruption), the IRC evaluates several key factors, including transparency, competition, and the background of winning contractors.