| 000 -LEADER | |
|---|---|
| fixed length control field | 01282nam a22001097a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Dogbevi, E.K. |
| 245 ## - TITLE STATEMENT | |
| Title | ECOWAS Region Loses $268b to Illicit Financial Flows in 10 Years |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Ghana |
| Name of publisher | Creative Imaginations Publicity |
| Year of publication | 2016 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article unpacks computations of figures from the GFI report in which ECOWAS is said to be losing some $268 billion to illicit financial flows (IFFs) within a 10 year period from 2004 to 2013, .The region with a population of about 335 million people, which is about one-third of the population of sub-Saharan Africa, has an estimated GDP of around $345 billion. The loss is therefore, approximately a colossal 78 per cent. Nigeria suffers the biggest hit, with a loss of over $178 billion within that period. The menace of illicit financial flows from Africa in general is a major source of leakage of much needed funds for development. With the continent losing an estimated $50 to $60 billion a year, the need to initiate a more purposeful effort at curbing the flows is more urgent than ever – more importantly, as the countries in the region are aiming at meeting the Sustainable Development Goals, while grappling with growing debts. |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | iffoadatabase.trustafrica.org/iff/ECOWAS region loses.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | News Articles |
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