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Africa: Rethinking Illicit Financial Flows

by Addis Fortune
Published by : Addis Fortune (Addis Abeba) Physical details: 3p Year: 2014
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The article focuses on development priorities for the next 15 years, with the Millennium Development Goals (MDGs) expiring in 2015, areas of focus is shifting.Illicit financial flowsIllicit financial flows (IFF) would not be top priority, but they are important enough to be included in the post-2015 goals being debated by the international community.The costs of IFFs, in 20 sub-Saharan Africa countries are estimated to have cost more than 10pc of their gross domestic products (GDP) since 1980, while Africa as a whole is still estimated to be losing 3.4pc of GDP, that is, 76 billion dollars each year.

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