Zimbabwean Finance Minister Patrick Chinamasa delivers his mid-term monetary policy review at parliament in Harare, Zimbabwe, Sept. 8, 2016. REUTERS/Philimon Bulawayo
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Zimbabwe is losing at least $1 billion annually to corruption, with police and local government officials among the worst offenders, Transparency International said in a report Tuesday.Critics and the opposition accuse Mugabe of failing to tackle high-level graft and say endemic corruption is one reason foreign companies are hesitant to invest in the country.Mugabe has at times admitted to corruption among his cabinet ministers but says police lack the evidence to prosecute.Zimbabwe was last year ranked 150th out of 168 countries on the Transparency International index, which measures public perceptions of corruption in public institutions.
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