Africa loses $40 billion to illicit financial flows in extractive sector yearly: ECA
The United Nations Economic Commission for Africa (ECA) says Africa loses approximately $40 billion annually to illicit financial flows (IFFs) in the extractive sector. Antonio Pedro, ECA’s deputy executive secretary, said in a statement that the trend undermines development and deepens economic inequality on the continent. Mr Pedro spoke at a high-level policy dialogue (HLPD) […]
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