Economic

Illicit Financial Flows Outpace Development in Africa, OECD Says

“Through medication and narcotics smuggling, ivory and people trafficking, oil theft and piracy, Africa is, by conservative estimates, losing about $50 billion a year in illicit financial flows — more, in fact, than it receives in official development assistance.”

Source: Illicit Financial Flows Outpace Development in Africa, OECD Says

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