Annual US$88.6 billion illicit capital flight loss needs to be seen as missed development opportunities.
Illicit Financial Flows (IFFs) exact a toll on development for the rich and poor alike, but in Africa the poorest populations are paying the highest price. According to the UN Conference on Trade and Development (UNCTAD) in a report published in September 2020, Africa loses about US$88.6 billion in illicit capital flight every year - equivalent to 3.7 per cent of the continent's gross domestic product.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article