The Matrix evaluates countries under four parameters which are business interaction with the government, anti-bribery deterrence, transparency and civil society oversight.
Bangladesh has been placed at 178 position among 200 countries in terms of business bribery risk. It has been on the high risk country list of Trace Bribery Matrix since 2014 when the first matrix was released.
According to the report Bangladesh has a high degree of government interaction in business, a high expectation of bribes and a high regulatory burden which contributes in high bribery risk for business in the country.
In South Asia, Pakistan and Afghanistan are the only countries where the bribery risk is ‘high’. Bhutan has the lowest risk of bribery on the index in South Asia as it is placed at 52 in the ranking.
Overall, according to this year’s TRACE Matrix data, Somalia, South Sudan, North Korea, Yemen and Venezuela presented the highest risk of bribe demands. New Zealand, Norway, Denmark, Sweden and Finland presented the lowest bribery risk.
TRACE is a US based organisation which provides ranking to various countries in terms of the risk of bribery companies face in doing business in those countries.