Africa: Fighting Africa's Illicit Financial Flows - a 14-Step Guide Revealed

analysis

Illicit financial flows (IFFs) out of the developing world are a key impediment to tackling poverty and inequality. They rob the African continent of an estimated $70-billion each year - funds that could be used for development. As the continent's leaders meet this week for the African Union (AU) summit, civil society organisations have detailed how to combat IFFs in 14 steps. By GREG NICOLSON.

All eyes at the AU summit in Addis Ababa this week will be on who is elected to succeed AU Commission Chair Nkosazana Dlamini-Zuma. But behind the scenes a group of civil society leaders and policy technocrats will be pushing the continental body and member states to act on an issue just as important to Africa's future: Illicit financial flows.

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