Africa: Former SA President Mbeki Addresses UN On Illicit Financial Flows From Africa

14 February 2014

Former President of South Africa Thabo Mbeki visited the United Nations to address the developmental challenges posed by illicit financial trade flows (IFF) from Africa and what can be done to stop these billions of dollars illegally leaving the continent each year.

Speaking at a Feb. 6 press briefing Mbeki, who chairs the UN's High Level Panel on Illicit Financial Flows From Africa, explained that at least $50 billion is lost annually to these outflows.

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