The article looks at the rankings of Africa countries as well as other leading countries in terms of IFFs.The rankings are based on the GFI index released recently. NAMIBIA ranked 56th out of 151 countries on the Global Financial Integrity (GFI) illicit financial outflow estimates. Also in the top 10 ,country sources of illegal capital outflows are a number of dynamic middle-sized economies: Malaysia, Mexico, Saudi Arabia and Thailand. Mexico is third on the list of largest outflows at an average US$54 billion a year. Emerging and developing countries hemorrhaged a trillion US dollars from their economies in 2012 that could have been invested in local businesses, healthcare, education, or infrastructure.This is a trillion dollars that could have contributed to inclusive economic growth, legitimate private-sector job creation and sound public budgets."
CORRUPTION ASSET STRIPPING BALANCE OF PAYMENTS CAPITAL FLIGHT CAPITAL OUTFLOW DEBT ENVIRONMENT GOOD GOVERNANCE ILLICIT WEALTH MONEY LAUNDERING NATURAL RESOURCES SMUGGLING TAX EVATSION TRANSPARENCY
