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UNCTAD Report on Illicit Financial Flows

Illicit financial flows (IFFs) drain billions of dollars out of Africa every year. Curbing these flows will contribute to increasing resources required to realize the AfCFTA. In turn, the Free Trade Area can provide a framework for cooperation and institutional capacity to combat IFFs. In 2015, IFFs from the continent were estimated at $50bn a year, in 2020 this is estimated to have increased to about $88.6bn per year – the UNCTAD Economic Development in Africa Report 2020

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Alastair Tempest

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