HOW DOES CORRUPTION HURT THE KENYAN ECONOMY?
Corruption leads to distortions and undermines development in immediate and serious ways. Corruption distorts the economic liberalisation process by for example in privatisation transferring state assets into private hands at the expense of the public interest and public purse. Corruption has negatively affected perceptions of Kenya as a destination for financial and social investment. High-levels of corruption have poisoned our relations with development partners as witnessed in the stop-and-go aid freeze by the IMF, World Bank and bi-laterals. Corruption means that economic malfeasance and crimes go unpunished e.g.
