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  <titleInfo>
    <title>ECOWAS Region Loses $268b to Illicit Financial Flows in 10 Years</title>
  </titleInfo>
  <name type="personal">
    <namePart>Dogbevi, E.K.</namePart>
    <role>
      <roleTerm authority="marcrelator" type="text">creator</roleTerm>
    </role>
  </name>
  <typeOfResource>text</typeOfResource>
  <originInfo>
    <place>
      <placeTerm type="text">Ghana</placeTerm>
    </place>
    <publisher>Creative Imaginations Publicity</publisher>
    <dateIssued>2016</dateIssued>
    <issuance>monographic</issuance>
  </originInfo>
  <abstract>The  article  unpacks computations of figures from the GFI report in which ECOWAS is said to be  losing  some $268 billion to illicit financial flows (IFFs) within a 10 year period from 2004 to 2013, .The region with a population of about 335 million people, which is about one-third of the population of sub-Saharan Africa, has an estimated GDP of around $345 billion. The loss is therefore, approximately a colossal 78 per cent. Nigeria suffers the biggest hit, with a loss of over $178 billion within that period. The menace of illicit financial flows from Africa in general is a major source of leakage of much needed funds for development. With the continent losing an estimated $50 to $60 billion a year, the need to initiate a more purposeful effort at curbing the flows is more urgent than ever – more importantly, as the countries in the region are aiming at meeting the Sustainable Development Goals, while grappling with growing debts. </abstract>
  <identifier type="uri">iffoadatabase.trustafrica.org/iff/ECOWAS region loses.pdf</identifier>
  <location>
    <url>iffoadatabase.trustafrica.org/iff/ECOWAS region loses.pdf</url>
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