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Illicit Financial Flows Represent Missed Opportunities For West Africa’s Development and Economic Needs

by OSIWA and Dalberg
Published by : OSIWA and Dalberg (Senegal) Physical details: 2p. Year: 2015
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Capital flight and illicit financial flows represent missed opportunities for generating state revenue desperately needed to finance key sectors of West Africa’s economy, tackle poverty and invest in social protection and safety nets. Though the exact amount lost annually is debated, the deficit is significant and undermines economic governance, financial development and fiscal transparency throughout the region, according to a joint report released June 3rd by OSIWA and Dalberg.

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