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Capital Flight and the Challenges of Financing African Development, Cultural Knowledge Consortium (CKC) Speaker Series Webinar Oct 2012

by Ndikumana, Leonce
Year: 2012
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These are estimates for over four decades (1970-2008), sub-Saharan Africa has lost over $700 billion to capital flight, or over $900 billion including accumulated interest on past illicit flows. These estimates are conservative as they do not include all forms of illicit financial flows, such as proceeds from criminal activities like drugs and human trafficking, smuggling of services, etc.

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