Corpus ID: 828959

Illicit Financial Flows : A Constraint on Poverty Reduction in Africa

  title={Illicit Financial Flows : A Constraint on Poverty Reduction in Africa},
  author={J. Nkurunziza},
  • J. Nkurunziza
  • Published 2012
  • The amount of illicit financial flows out of Africa is staggering. According to estimates by Global Financial Integrity (GFI), these flows amounted to between USD 854 billion and $1.8 trillion over the period 1970-2008 (GFI 2010). Another study found that the cumulated amount of capital flight out of Sub-Saharan Africa over the same period is in excess of $700 billion (Ndikumana and Boyce 2011). It is ironic that out of the six countries with the highest average capital flight over the period… CONTINUE READING
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