Capital Flight and Institutional Frameworks to Promote Transparency
- Tanzania University of Dar es Salaam 2014
- 44p.
The paper identifies the kind of institutional frameworks at the global, regional and country level which have evolved to address the issues of illicit financial flows. It analyses the factors that have inhibited the efficiency and effectiveness of the frameworks as well as proposing a way forward in terms of addressing the challenges with a view to achieve enhanced progress as far as the war against illicit financial flows is concerned. The main findings a variety of institutional frameworks has emerged at the three levels. It notes that the establishment of the High Level Panel at the Economic Commission for Africa (ECA) is a good starting point for spearheading efforts to combat illicit financial flows.
