How to raise $770bn for African Development
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.