| 000 -LEADER | |
|---|---|
| fixed length control field | 01569nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Spanjers, Joseph |
| 245 ## - TITLE STATEMENT | |
| Title | Illicit Financial Flows a Drain on Development in Sub-Saharan Africa |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Washington |
| Name of publisher | Global Financial Intergrity |
| Year of publication | 2015. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 2p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article is based on the GFI report which discovered that as a percent of GDP, Sub-Saharan Africa suffers the largest illicit outflows of Any Region in the World. In the ten years of the study, average annual illicit outflows from Sub-Saharan Africa averaged 5.5% of the region’s GDP, a ratio greater than that of any other region in the world. For a region that dominates the attention of the development community, it is shocking that such a relatively large amount of capital has been allowed to leave these countries. This capital could have been used domestically for private sector-led development and increases in productive capacity, job creation, and public budgets; instead. Curbing these illicit flows is a hidden resource for development. In the case of Sub-Saharan Africa, the impact of cutting illicit outflows would be substantial. It is time to start making progress towards a world where illicit financial flows are no longer a reality; the case of Sub-Saharan Africa demonstrates that this Sustainable Development Goal could be a concrete step in that direction. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | AID CAPITAL FLIGHT ILLICIT WEALTH CAPITAL OUTFLOW |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/illicit_financial_flows_a_drain_on_development_in_sub-saharan_africa.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | News Articles |
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