The Impacts of Illicit Financial Flows on Peace and Security in Africa
- USA GFI 2008
- 36p
A range of estimates of illicit financial flows confirm that the problem facing Africa is large, and has grown substantially. Annual losses in recent years range as high as $100 billion, and for many countries the long-‐term average has exceeded 10% of recorded GDP. Even allowing for substantial uncertainty in estimates of flows whose defining characteristic is that they are hidden, the order of magnitude is dramatic.
