How to raise $770bn for African Development
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Upon the release of our latest research on Illicit Financial Flows, news outlets in Africa have become interested, as the research points out that curbing Illicit Financial Flows has a particular importance in Africa. The Daily Graphic a main news source for Ghana has recently published an op-ed written by Bjorn Lomborg in which Bjorn discusses the impact of Illicit Financial Flows in Africa.
"If we look at the cost of IFF, he clearly has a point: 20 sub-Saharan African countries are estimated to have lost more than 10 per cent of their GDPs since 1980, while Africa as a whole is still estimated to be losing 3.4 per cent of GDP, that is, US$76 billion, each year. "
Read the entire article here.