Cover of the Report from the High Level Panel on Illicit Financial Flows from Africa.
Africa Losing $60 Billion (and Growing) from Illicit Outflows
Africa is losing more than $60 billion every year through illicit financial transactions - double to amount of aid the continent receives - and the outflow is increasing, according to a High Level Panel established the UN Economic Commission for Africa (ECA) and the African Union (AU). The panel's report was issued in Addis Ababa on February 1, after three years of investigation and hearings.
Former South African President Thabo Mbeki, chair of the High Level Panel on Illicit Flows, and panel vice-chair Abdalla Hamdok, Deputy Executive Secretary of the UN Economic Commission for Africa (ECA), arriving at the ECA in Addis Ababa to present the panel's report .
Documents
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1 February 2015
Report of the High Level Panel on Illicit Financial Flows from Africa
- Author:
- High Level Panel on Illicit Financial Flows from Africa
- Publisher:
- High Level Panel on Illicit Financial Flows from Africa
- Publication Date:
A report by the High Level Panel on Illicit Financial Flows from Africa (HLP), chaired by former South African President Thabo Mbeki,concludes that ... see more »
InFocus
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The High-level Panel on Illicit Financial Flows from Africa, headed by former South African President Thabo Mbeki, says an estimated $50 to $60 billion is leaving the continent ... Read more »
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Illicit capital flows out of developing and emerging economies reached a record level in 2012, according to the latest study released by the Washington, DC-based research group, ... Read more »
