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Books
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ILLICIT FINANCIAL FLOWS OBSERVATORY FOR AFRICA | Available |
In Africa, the extractive sector, which is a major driver of economic growth and source of revenues, is more prone to illicit flows. The features of the extractive sector – high level of complexity and revenue-generating potential; cross border supply chains; high degree of technological specialization – makes it particularly susceptible to the various forms of illicit financial flows. From 2001 to 2014, the extractive industries made up nearly two-thirds of exports from African countries – with oil and gas alone accounting for close to 50% of total exports.
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