US EditionAfrica Is Losing $40b a Year to Illicit Financial Flows in the Extractive Sector - Ghana Business News
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Africa is losing $40b a year to illicit financial flows in the extractive sector - Ghana Business News
Mr. Antonio Pedro, the Deputy Executive Secretary of the Economic Commission for Africa (ECA), has said that Africa is experiencing significant losses, estimated at around $40 billion annually, due to illicit financial flows (IFFs) in the extractive sector. Such financial losses not only hinder developmental progress but also exacerbate economic injustices, depriving African populations of access to essential resources and underscoring the conne…
Tackling Illicit Financial Flows: Africa's Path to Reparatory Justice | United Nations Economic Commission for Africa
Language English Addis Ababa, 31 May 2025 (ECA) - Mr. Antonio Pedro, the Deputy Executive Secretary of the Economic Commission for Africa (ECA), has said that Africa is experiencing significant losses, estimated at around $40 billion annually, due to illicit financial flows (IFFs) in the extractive sector. Such financial losses not only hinder developmental progress but also exacerbate economic injustices, depriving African populations of acces…
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