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Illicit financial flows (IFFs) are a large and growing problem for the African continent, with upwards of $70 billion in IFFs leaving the continent annually.1 African governments, intergovernmental organizations, industry, and civil society have come to understand the severity of the problem over the past few years.
The following list of actions are meant to address some of the first steps in addressing IFFs. These actions are foundational, involving measures that can either be undertaken more quickly and easily in some countries where some of the processes and commitments may already be underway or measures that lay the groundwork for later reforms. The result is an Accelerated IFF Agenda that governments can use as a place to begin their work to tackle IFFs in their own countries, leading to greater domestic resource mobilization and growth, resources which will be critical in making progress on the Sustainable Development Goals of the 2030 Agenda for Sustainable Development, and the African Union’s Agenda 2063, the Addis Tax Initiative, and the Africa Mining Vision.
Group Highlights 14 Steps African Leaders can take to Energize Fight against Illicit Flows following Addis Ababa Action Agenda, SDGs, and ECA High Level Panel
As national leaders meet at the African Union Summit in Addis Ababa this week, a group of civil society experts has issued a set of recommendations to address illicit financial flows (IFFs), an issue of critical importance to regional development. Titled Accelerating the IFF Agenda for African Countries (the Accelerated IFF Agenda), the purpose of the document is to highlight for African leaders fourteen steps that can be taken to jumpstart efforts to address IFFs. Among the recommendations are suggestions to establish a multi-agency approach to fight IFFs, to collect information to identify corporate ownership, and certain tax-related measures.
African philanthropic institutions are demonstrating how donors can more effectively foster independent action and strengthen movements for change. This different approach may hold the key to durable developmenton the continent.
By Elizabeth Coleman and Halima Mahomed
Although many donors recognize that top-down approaches and solutions that are not rooted in context are less likely to succeed, few manage to include partners and beneficiaries in decision making in very meaningful ways. One of the exceptions is TrustAfrica, an independent foundation based in Africa and led by Africans. It was established in 2006 to practice a kind of philanthropy that not only benefits Africans but actively supports their agency.
It is also the subject of a new book, Claiming Agency: Reflecting on TrustAfrica’s First Decade. As the book’s editors, we sought to understand what this kind of African philanthropy looks like in practice and what difference it has made. In our analysis, five elements stand out:
15 November, 2016 - 31 December, 2016
Curated by ''la Caixa'' Foundation, Barrow Cadbury Trust, Bertelsmann Stiftung, Calouste Gulbenkian Foundation, Charles Stewart Mott Foundation, Erste Stiftung, European Cultural Foundation, Finnish Cultural Foundation, Fondation de France, Fondazione Cariplo, Fondazione CRT, Fondazione di Venezia, Fritt Ord Foundation, Fundación ONCE, Körber-Stiftung, Mama Cash, Mozaik Foundation, Oak Foundation, Open Estonia Foundation, Open Society Foundations, Stefan Batory Foundation, The Velux Foundations, TrustAfrica,
EFC’s brand new ‘Championing Philanthropy’ exhibition is open from 15 November until the end of the year. Championing Philanthropy showcases how institutional philanthropy improves lives through projects by its members, and brings to life a wide range of projects that have been devised and carried out by members of the European Foundation Centre’s Governing Council.
Get to know TrustAfrica's Early Learning Innovations project
With a new series of innovative approaches to early learning, TrustAfrica hopes to improve the basic educational experiences of young learners so that they have what they need to succeed in school.