United Nations Economic Commission for Africa (Addis Ababa)
Workshop Tables Next Steps in Fight Against IFFs from Africa
Illicit financial flows (IIFs) out of Africa have become a matter of major concern because of the scale and negative impact of such flows on Africa's development and governance agenda. By some estimates, illicit flows from Africa could be as much as US $50 billion per annum. An ECA and stakeholders two-day workshop which met in Nairobi from November 21-22 seeks to, among other things, "build coherence in efforts to stem IFFs." Find out more. More about ECA in this BRIEFING.
Economic Commission for Africa, 8 November 2016
In its continuing efforts to advocate the urgency of stemming illicit financial flows from Africa, the Economic Commission for Africa (ECA) and its partners will next week host a… Read more »
Economic Commission for Africa, 21 November 2016
A two-day workshop aimed at Stakeholders working to confront the challenge of stemming illicit financial flows (IFFs) from Africa opened in Nairobi Monday, with the Economic… Read more »
A new 16-minute documentary from the Economic Commission for Africa (ECA)'s High Level Panel on Illicit Financial Flows from Africa explains why the AU and Africa's finance ... Read more »
"In my view, African countries and partners should move away from pure perception-based measures of corruption and focus on alternative approaches, which are fact-based and built on more objective quantitative criteria and include the international dimensions of corruption... it is necessary to ensure that perception-based methods are better anchored on more transparent and representative surveys. These measurements should also be complemented, where possible, with quantitative country/case-specific indicators to produce more sophisticated and useful assessments. Instead of “naming and shaming” the culprits on the basis of some perceived levels, it is necessary to deeply reflect on the problems of measuring corruption in Africa, with special attention to the roles of international players" - Carlos Lopes, Executive Secretary UN Economic Commission for Africa.