A new 16-minute documentary from the Economic Commission for Africa (ECA)’s High Level Panel on Illicit Financial Flows from Africa explains why the AU and Africa’s finance ministers decided in 2010 to bring the issue of curbing illicit financial outflows–i.e., financial outflows from Africa through the illicit activities of multinational companies and rich individuals–to the world stage. Burgeoned by the aftermath of the Panama Leaks, H.E Thabo Mbeki, Chairman High Level Panel on Illicit Financial Flows; Abdalla Hamdok, Deputy Excecutive Secretary/Chief Economist – ECA and others in the documentary make the case that Africa, through Illicit Financial Flows (IFFs), cannot continue to subsidize richer Western nations. More about the ECA in this BRIEFING.
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