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Illicit Financial Flows from Developing Countries: 2003-2012

by Global Financial Intergrity
Published by : Global Financial Intergrity (Washington) Physical details: 68p. Year: 2014
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This is the sixth report in annual series, that reaffirms the $1 trillion estimate of unrecorded money shifting yearly out of emerging market and developing countries. The report provides estimates of the illicit flow of money out of the developing world–as a whole, by region, and by individual country–from 2003-2012, the most recent ten years of data availability. The study finds that between 2003 and 2012, the developing world lost US$6.6 trillion in illicit outflows. In real terms, these flows increased at 9.4 percent per annum. After a brief slowdown during the financial crisis, illicit outflows are once again on the rise, hitting a new peak of US$991.2 billion in 2012

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