WASHINGTON: The International Monetary Fund (IMF) on Wednesday said bribery sucks up between $1.5 trillion and $2.0 trillion annually around the world, dragging down economies and worsening social services for the poor.

In a new report on the economic impact of corruption, the IMF noted that bribery, graft and other forms of cheating that are common in both rich and poor countries limit economic growth and undermine sound government policies.

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