Africa: The billions that got away, a new eBook from TrustAfrica and Mail & Guardian Africa
Africa loses approximately US$50 billion annually through Illicit Financial Flows (IFFs). The AU/ECA’s High Level Panel on Illicit Financial Flows report and other studies argue that Africa lost over US$1 trillion through IFFs in the last 50 years – an amount similar to Official Development Assistance in the same period.
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