Tag: Illicit Financial Outflows
How Developed Continues Are Plundering Poorer Nations
AFRICANGLOBE - Since 1980, developing countries lost $16.3 trillion in their net resource transfers with the rest of the world, money that could have been used to reduce poverty and inequality and boost poor countries’ economies. The figure shows how poor countries have acted as the world’s creditors, with tax havens providing an avenue for the system that supports the world’s rich at the expense of everyone else.
Illegal Money Transfers Hurting Africa’s Growth
Experts say that the increasing trends of illicit financial flows are posing a great threat to Africa's economic growth as they pump back more...
