00909nam a22001217a 4500100003200000245005300032260006600085300000900151490002200160520047700182650003000659856009800689  aPurje, H .Y, and Matti, N.P  aIllegal Capital Flight from Developing Countries  aFinlandbThe Service Centre for Development Cooperationc2010  a33p.  aReport Series 101  aIllegal capital flight has been called the biggest obstacle to the development of poor countries. About nine times the amount of world's total development assistance budgets ends up in rich countries, often routed via tax havens shielded by the high level of banking secrecy. However, public sector resources lost due to corruption play second fiddle to other forms of capital flight. It is estimated that only a few percent of illicit capital flight is due to corruption.  aCapital flight Tax havens  uhttp://iffoadatabase.trustafrica.org/iff/illegal_capital_flight_from_developing_countries.pdf