Corruption in Ecuador

Corruption in Ecuador is a serious problem. According to a report by Adam Zuckerman, "institutionalized graft has become a driving force" of Ecuador's economy, and this graft is "flourishing in a vacuum of transparency or accountability". The same report indicated that "the entire business class of Guayaquil" owns offshore bank accounts. David Rosero, a member of the opposition party and a member of Ecuador's Council for Citizen Participation, has stated that $2 billion is lost annually to corruption.

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