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Illicit Financial Flows a Drain on Development in Sub-Saharan Africa (Record no. 377)

000 -LEADER
fixed length control field 01569nam a22001337a 4500
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name Spanjers, Joseph
245 ## - TITLE STATEMENT
Title Illicit Financial Flows a Drain on Development in Sub-Saharan Africa
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Washington
Name of publisher Global Financial Intergrity
Year of publication 2015.
300 ## - PHYSICAL DESCRIPTION
Number of Pages 2p.
520 ## - SUMMARY, ETC.
Summary, etc The article is based on the GFI report which discovered that as a percent of GDP, Sub-Saharan Africa suffers the largest illicit outflows of Any Region in the World. In the ten years of the study, average annual illicit outflows from Sub-Saharan Africa averaged 5.5% of the region’s GDP, a ratio greater than that of any other region in the world. For a region that dominates the attention of the development community, it is shocking that such a relatively large amount of capital has been allowed to leave these countries. This capital could have been used domestically for private sector-led development and increases in productive capacity, job creation, and public budgets; instead. Curbing these illicit flows is a hidden resource for development. In the case of Sub-Saharan Africa, the impact of cutting illicit outflows would be substantial. It is time to start making progress towards a world where illicit financial flows are no longer a reality; the case of Sub-Saharan Africa demonstrates that this Sustainable Development Goal could be a concrete step in that direction.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term AID CAPITAL FLIGHT ILLICIT WEALTH CAPITAL OUTFLOW
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://iffoadatabase.trustafrica.org/iff/illicit_financial_flows_a_drain_on_development_in_sub-saharan_africa.pdf
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type News Articles

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