Africa: Tackling Illicit Financial Flows, a Matter of Survival for Africa’s Development
June 20, 2021
Addressing IFFs requires tackling imbalance in the international financial and trade systems, and confronting weak institutions According to the Economic Development in Africa Report 2020 by the UN Conference on Trade and Development (UNCTAD), Africa loses about US$88.6 billion, 3.7 per cent of its gross domestic product (GDP), annually in illicit financial flows. The High-Level