The BBC Reported that Anti-corruption watchdog Transparency International rated Angola one of the 10 most corrupt countries in the world in 2005, noting that like many countries with oil resources it faces "inexplicable poverty and deprivation".Global Witness Reports:
The facts present a relatively stark case to the international community: at least $1 billion -- about a third of Angola’s total budget -- went missing last year. This missing money is about five times the $200 million that the United Nations barely managed to scrape together that year to feed one million internally displaced people dependent on international food aid.
Revenues from oil make up an estimated 90 percent of Angolan state income, yet they remain opaque. The government issues no clear figures and state oil companies remain unaudited and unaccountable.
Some startling stats from oil rich Angola:
In 2004, Human Rights Watch found the government could not account for US$4 billion spent between 1997 and 2002 Transparency International ranked Angola 142 out of 163 countries in the Corruption Perception Index just after Venezuela and before the Republic of the Congo with a 2.2 rating.
