Curbing illicit capital flows could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals according to UNCTAD's Economic Development in Africa Report 2020.
The report titled "Tackling illicit financial flows for sustainable development in Africa," notes that every single year an estimated $88.6 billion, equivalent to 3.7 per cent of Africa's GDP, leaves the continent as illicit capital flight.
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