Africa Needs to Develop New Ways of Stemming Illicit Financial Flows
- Australia The Conversation 2016
- 3p.
This article highlights how Africa can combat illicit financial flows. Over the last 50 years African countries have lost about $1 trillion to illicit financial flows. This equates to around $50 billion a year and is equivalent to all the official development assistance received by the continent over the same period. Combating Africa’s illicit financial flows will require a much closer and more active continental and global partnership than has historically been the case.
