Yes, a basket case.
“Somalia ranks among the world’s most corrupt countries. Insecurity is also a major issue; the ongoing instability greatly restricts business.
Corrupt government officials tolerate illegal activities in return for bribes. Dysfunctional institutions facilitate an environment of lawlessness, and the absence of any form of regulatory framework hinders prospects of economic competitiveness.
Business is based on patronage networks, and tight monopolies dominate the market. Somalia’s Provisional Constitution criminalizes several forms of corruption (including abuse of office, embezzlement and bribery); however, implementation is non-existent.
The governing elite is continuously involved in allegations of embezzlement of public funds from the already meager Somalian coffers. Finally, bribery is commonplace in all sectors, and procurement contracts frequently involve corruption.
Last updated: May 2016
GAN Integrity”
Surely even GN liberalists couldn’t defend this country’s ethics?