Illicit Financial Flows Must Be Stopped In Africa For Nations To Reach SDGs, Experts Say
Devex: Curbing illicit financial flows key to reaching SDGs in Africa
“Curbing illicit financial flows out of Africa is a vital part of the domestic resource mobilization toward the Sustainable Development Goals, experts at the Pan African Conference on Illicit Financial Flows and Tax said last week in Nairobi. The continent is estimated to be losing at least $50 billion through illicit financial outflows every year, according to the report of the High-Level Panel on Illicit Financial Flows from Africa established by the United Nations Economic Commission for Africa…” (Jerving, 10/19).
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