Illicit Financial Flows from Africa: Signs of a Poor Integration into the Global Economy
- Netherlands: ECDPM, 2014.
- 3p
Whether one looks at the figures in absolute or relative terms, the outflow of illicit financial flows (IFFs) from Africa is staggering. Ever since the landmark study by the African Development Bank and Global Financial Integrity described Africa as a net creditor to the world of some US$1.4 trillion between 1980-2009, studies have proliferated on the subject. The significance of these figures is that they demonstrate the extent to which international trade, indeed, integration into the global economy, is not proving to be a viable development option for the continent.
