Former Contractor General of Jamaica, Greg Christie has expressed concern with what he describes as the deleterious impact of corruption on financial investments.

Taking to social media network Twitter yesterday afternoon, Christie to this end, it was foolhardy for Jamaica to continue to develop economic policies that ignore this impact.

His comments follow a recent report which identified corruption has the single biggest concern for companies doing business in emerging markets.

It also follows Jamaica’s position at number 77 on the corruption index of the Forbes Doing Business Report.

Christie says Forbes’ listing of high crime and corruption as being among the lead challenges to growth now faced by the JA economy is not unexpected.

He says while Jamaica has done well in terms of Market Performance and “Red Tape”, there are concerns that growth remains stagnant, murders have increased by 20 per cent and the corruption perception remains high.

The Former Contractor General has also accused the Government of Jamaica about not being about fighting corruption.

Highlighting a recent report in a local paper that indicated there will be no criminal sanction for misuse of Campaign Funds, Christie encouraged Jamaicans and the international community to take note.

According to the recently passed campaign financing bill, politicians who misuse campaign donations will not be subjected to criminal prosecutions.

A clause in the bill says contributions accepted for a candidate’s campaign activities should not be used for any personal, family or business expenses.

Despite creating the breach, however, the law does not propose a penalty.