Banxico says corruption money in Mexico equals 9 percent of the country’s GDP.
BY OMAR SÁNCHEZ The News MEXICO CITY – The Mexican Institute for Competitiveness (IMCO), the Espinosa Yglesias Study Center (CEEY), different civil society organizations, and a diverse group of academic economists, businessmen and opinion leaders, among others, presented the “Ley 3de3” initiative, a project which seeks to combat corruption in Mexico. Enrique Cárdenas, director of the CEEY, said that this new citizens’ initiative aims not only to serve in the fight against corruption but also to prevent corruption throughout all levels of government, and to become a pillar of the Administrative Responsibilities General Law still pending in Congress. “This is a collective project, a proposal that comes from civil society backed by the force of specialists. In order to contribute decisively to the effective combat of corruption in Mexican institutions, we now present this Administrative Responsibilities General Law to Mexican society so that we can contribute to make the National Anti-Corruption System operational very soon,” said Cárdenas. According to Pedro Salazar Ugarte, director of the Institute of Legal Research of the National Autonomous University of Mexico (UNAM), corruption in Mexico is an outraging issue due to its huge economic and social cost. “Corruption is one of the major public issues in our country. According to the 2015 International Transparency Perception Index, Mexico is located at number 95 of 165 countries, in a descending order from least to most corrupt. Banxico