Africa Could Gain $89bn Annually By Curbing Illicit Capital Flows

2 October 2020

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.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.