Illicit Financial Flows

By Robert Mwanyumba, Africa Regional Coordinator, Transparency International Illicit financial flows (IFFs) are notoriously difficult to measure. In 2020, UN Trade and Development estimated that Africa loses an $89 billion annually to illicit financial flows (IFFs), which is about 3.7 percent of the continent’s GDP. This staggering figure—surpassing the total annual foreign aid to the […]

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