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CARACAS, Tuesday September 23, 2008 | Update

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Venezuela among the most corrupt countries in Latin America, according to TI

Politics Haiti, Venezuela and Ecuador showed the worst scores of perceived corruption in Latin America whereas the highest scores corresponded to Chile and Uruguay, according to Transparency International's 2008 Corruption Perception Index Report that was launched on Tuesday. The Transparency International CPI measures the perceived levels of public-sector corruption in a given country and is a composite index, drawing on different expert and business surveys.

Among the 180 countries surveyed, Haiti ranks 177th with a score of 1.4, followed by Venezuela (158th), Ecuador (151st), Paraguay (138th), Nicaragua (134th), Honduras (126th) and Argentina (109th), AFP reported.

Venezuela got a score of 1.9 out of 10, followed by Ecuador (2.0), Paraguay (2.4), Nicaragua (2.5), Honduras (2.6) and Argentina (2.9), among the countries with less transparency on corruption.

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Works flying high

05:09 PM. Economy. If any country has cashed in on the Bolivarian revolution, that is Brazil, particularly the private companies of the southern neighbor. Over the past five years, it has been awarded contracts for works to be carried out in Venezuela for over USD 14 billion. This puts it as the first recipient of government-to-government contracts, that is, without bidding, since Hugo Chávez took office.