The Consortium of stakeholders serves as a coordinating mechanism to oversee the implementation of the recommendations of the High Level Panel on Illicit Financial Flows.
The main purpose of the Consortium is to leverage partnership, provide strategic direction as well as a platform for experience sharing and follow-up on efforts to stem IFFs from Africa.
Its main activities will include aiming to build coherence in efforts to stem IFFs from Africa, create structures that allow partnerships and engagements for all related actors to act under one umbrella, agree on joint work programmes and joint delivery of activities, promote a specialised approach on agreed work streams, promote collaborations on IFF related activities at national regional and continental levels including.
The Consortium will also contribute to the Annual Report on Curbing IFFs which would be submitted to the African Union Heads of States and Government on the implementation of their recommendations, prepare a joint flagship report on IFFs, support diplomatic and media campaign in intergovernmental processes to be led by the African Union, including the mobilization of the international community on IFFs, follow up on global processes namely FfD3 and Post 2015 Sustainable Development Agenda.
It will also serve as a platform for knowledge generation and sharing.
How the Consortium came into being
Following the endorsement of the High Level Panel (HLP) Report on Illicit Financial Flows (IFFs) from Africa and its prompt passing as a special declaration by the African Union Heads of States at the 24th African Union Summit in 2014, the Chair of the HLP, the IFF Secretariat and numerous anti-IFF stakeholders worked incessantly to effectively implement the recommendations of the HLP Report. This led to the formation of the coalition of Stakeholders on the Implementation of the Recommendations of the High Level Panel Report on IFFs from Africa.
The coalition of Stakeholders was essentially the earliest form and foundation of what has now become the Consortium of Stakeholders working together to stem IFFs from Africa.
Membership
Membership of the consortium is open to African Organizations engaged on IFFs activities on the continent.
Memberships will include regional development partners, inter-governmental organizations, civil society organizations and non-governmental organizations.
International institutions, non-regional institutions and the private sectors may join as implementing partners or observers.
Membership will be by invitation only. The Consortium may also invite specific institutions as partners when dealing with an issue of particular competence by the institution.
Institutions wishing to join the consortium as members or partners may approach the Secretariat of the Consortium for consideration.
Current Consortium Members - links of the organisations will be put online
Economic Commission for Africa
African Tax Administration Forum (ATAF)
Tax Justice Network - Africa (TJN-A)
African Capacity Building Foundation
Finance and Private Sector Section, Macroeconomic Policy Division (MPD), ECA
Thabo Mbeki Foundation
African Development Bank (AfDB)
African Institute for Remittances (AIR) -African Union
Open Society Foundation (OSF)
Pan African Lawyers Union (PALU)
