01573nam a22001457a 4500100000900000245004000009260003000049300000800079490002300087520110300110650007701213856011701290942000701407999001301414  aAfDB  aAfrica Economic and Financial Brief  aAbidjan:   bAfDB,c2013.  a7p.  aVolume 4, Issue 40  aThe market brief looks at the effects of corruption on a number of economic indicators. The cost and extent of corruption and weak governance as well as  the cost and extent of corruption against weak governance. While the extent and cost of corruption differ across countries, the brunt of its effect is more pronounced in Africa. Although there have been significant improvements in governance in some African countries during the past decade, most African countries have not made significant headway in reforming their governance systems into tools of wealth creation and economic growth.Corruption not only lowers the tax-GDP ratio but also causes long-term damage to the economy by detracting investment, increasing the size of the informal economy, and distorting tax structures.Corruption hits the poorest segments of the population the hardest since they are the most dependent on basic services. The brief also takes a closer look on  stock markets, global economic leading Indicators, globalmarkets, Africanmarkets, commodity markets, currency markets and sovereign debt Issues in Africa.  aBANK, CAPITAL FLIGHT, CORRUPTION, DEBT GOOD GOVERNANCE, MONEY LAUNDERING  uhttp://iffoadatabase.trustafrica.org/iff/market_brief_-_africa_economic_financial_brief_16-20_september_2013.pdf  cCF  c326d326