This paper documents the World Bank Group’s experiences and propositions on the future direction of its work on IFFs. In order to inform future work on IFFs, this note defines IFFs and sets out WBG experience working on them to date. Also, it presents some areas for future activities to take up this challenge. The WBG has recognized the need to tackle the IFF issue and therefore has identified IFFs as an important challenge to achieving the World Bank Group’s twin objectives of eliminating extreme poverty and boosting shared prosperity. The World Bank Group’s approach to IFFs emphasizes the importance of addressing the illicit flows themselves, as well as the underlying activities. The WBG effort is designed to create a strong coalition of forces, working on eradicating the scourge of IFFs.
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