Tuesday, 22 April 2014

How Illicit Financial Flows Drain African Economies | Open Society Foundations (OSF)

How Illicit Financial Flows Drain African Economies | Open Society Foundations (OSF)



"African economies have lost between $597 billion and $1.4 trillion in illicit financial flows in the past three decades. That’s nearly equal to the entire continent’s current gross domestic product. This plunder results in missed development opportunities, increased poverty, and continued injustice.

While many African nations are experiencing unprecedented economic growth, illicit financial flows (IFFs) prevent this growth from translating into better overall living conditions for Africans..."
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