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  <titleInfo>
    <title>Illicit Financial Flows a Drain on Development in Sub-Saharan Africa</title>
  </titleInfo>
  <name type="personal">
    <namePart>Spanjers, Joseph</namePart>
    <role>
      <roleTerm authority="marcrelator" type="text">creator</roleTerm>
    </role>
  </name>
  <typeOfResource>text</typeOfResource>
  <originInfo>
    <place>
      <placeTerm type="text">Washington</placeTerm>
    </place>
    <publisher>Global Financial Intergrity</publisher>
    <dateIssued>2015</dateIssued>
    <issuance>monographic</issuance>
  </originInfo>
  <physicalDescription>
    <extent>2p.</extent>
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  <abstract>The article is based on the GFI report which discovered that as a percent of GDP, Sub-Saharan Africa suffers the largest illicit outflows of Any Region in the World. In the ten years of the study, average annual illicit outflows from Sub-Saharan Africa averaged 5.5% of the region’s GDP, a ratio greater than that of any other region in the world. For a region that dominates the attention of the development community, it is shocking that such a relatively large amount of capital has been allowed to leave these countries. This capital could have been used domestically for private sector-led development and increases in productive capacity, job creation, and public budgets; instead. Curbing these illicit flows is a hidden resource for development. In the case of Sub-Saharan Africa, the impact of cutting illicit outflows would be substantial. It is time to start making progress towards a world where illicit financial flows are no longer a reality; the case of Sub-Saharan Africa demonstrates that this Sustainable Development Goal could be a concrete step in that direction.</abstract>
  <subject>
    <topic>AID CAPITAL FLIGHT ILLICIT WEALTH CAPITAL OUTFLOW</topic>
  </subject>
  <identifier type="uri">http://iffoadatabase.trustafrica.org/iff/illicit_financial_flows_a_drain_on_development_in_sub-saharan_africa.pdf</identifier>
  <location>
    <url>http://iffoadatabase.trustafrica.org/iff/illicit_financial_flows_a_drain_on_development_in_sub-saharan_africa.pdf</url>
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